Rheos Capital Works Inc. reduced its position in Intel Co. (NASDAQ: INTC) by 27.3% during the first quarter, selling 81,600 shares and retaining 217,000 shares of the chipmaker, valued at $9,585,000. Other institutional investors also made adjustments to their INTC holdings, with several increasing their stakes in the company. The total capital held by institutional investors is currently at 64.53%.
Wall Street analysts have weighed in on INTC, with varying opinions on the stock. UBS Group raised their price target to $50.00, Benchmark reiterated a “buy” rating with a $62.00 price target, while Mizuho, JPMorgan Chase & Co., and Morgan Stanley all adjusted their price targets for Intel. Overall, the company has a consensus rating of “Hold” with a consensus price target of $39.58.
Intel shares saw a 1.5% increase, closing at $31.09 on Friday. The company reported quarterly earnings on April 25th, with a net loss per share of ($0.06) and revenue of $12.72 billion. Analysts expect earnings per share of $0.09 for the current year. Intel also announced a quarterly dividend of $0.125 per share, representing an annualized dividend yield of 1.61%.
In terms of internal activity at Intel, CEO Patrick Gelsinger acquired shares of the company’s stock in two separate transactions in May. The purchases were disclosed in filings with the Securities and Exchange Commission, with Gelsinger now owning a total of 74,650 shares in the company.
Intel Corporation is a global company that designs, manufactures, and sells computing and related products and services. The company operates through various segments and offers a wide range of products including central processing units, chipsets, processors, hardware products, and semiconductor products.
MarketBeat provides daily updates on top-rated analysts and their stock recommendations. While Intel currently has a “Hold” rating, top analysts recommend other stocks as better buys. Interested investors can access more information on these top-rated stocks through MarketBeat’s reports.
Overall, Intel’s stock performance, analyst ratings, and internal activities indicate a combination of positive and negative factors that investors should consider before making investment decisions.
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