Orion Portfolio Solutions LLC increased its stake in Intel Co. (NASDAQ: INTC) by 3.1% in the fourth quarter, according to their recent filing with the SEC. The fund now owns 98,320 shares of the chipmaker, valued at $4,764,000. Other hedge funds and institutional investors have also increased their holdings in INTC, with several purchasing additional shares in the company. CEO Patrick Gelsinger bought shares of Intel in various transactions, further strengthening his position in the company.
On Wall Street, analysts have adjusted their price targets for Intel stock, with ratings ranging from sell to buy. Despite the adjustments, the average rating for Intel remains “Hold” with a target price of $39.58. Intel’s recent earnings report showed a decrease in EPS, missing analyst estimates, and the company announced a quarterly dividend to be paid in June.
Intel Corporation, a global technology company, designs, manufactures, and sells computing products and services worldwide. Their product portfolio includes CPUs, chipsets, GPUs, and other semiconductor products. The company operates through various segments and is known for its innovative technology solutions in the industry.
For more insights on Intel and its activities, investors can refer to MarketBeat.com for the latest news and analyst ratings. Additionally, HoldingsChannel.com offers information on hedge fund holdings and insider trading related to Intel Co. The institutional ownership chart for Intel (NASDAQ: INTC) provides a snapshot of the company’s ownership structure over different quarters.
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https://www.defenseworld.net/2024/05/27/intel-co-nasdaqintc-shares-purchased-by-orion-portfolio-solutions-llc.html
