Intech Investment Management LLC decreased its holdings in Intel Co. (NASDAQ: INTC) by 32.5% in the fourth quarter, according to a recent filing with the SEC. The institutional investor sold 52,094 shares, leaving them with 108,039 shares worth $5,429,000 at the end of the quarter.
Various other hedge funds and institutional investors also made changes to their positions in INTC. NBC Securities Inc. acquired a new stake in Intel during the third quarter, while other firms like Sfmg LLC, Callan Capital LLC, Childress Capital Advisors LLC, and Keystone Financial Group increased their stakes in the company. Overall, 64.53% of Intel’s shares are currently owned by hedge funds and other institutional investors.
In related news, Intel’s CEO, Patrick Gelsinger, bought 4,100 shares of the company’s stock on May 1st, adding to his existing holdings. The CEO now owns a total of 39,375 shares in Intel.
Intel’s shares rose by 2.1% during midday trading, reaching $30.72. The company has a market capitalization of $130.78 billion, with a price-to-earnings ratio of 32.00 and a beta of 1.09.
Intel recently announced a quarterly dividend of $0.125 per share, to be paid on June 1st. Shareholders of record on May 7th will be eligible to receive the dividend. The company’s current payout ratio is 52.08%.
Several equity research analysts have provided their opinions on Intel’s stock, with ratings ranging from “sell” to “buy.” The consensus price target for Intel stands at $39.58.
Intel Corporation is a global company that designs, develops, and sells computing and related products and services. Its product portfolio includes central processing units, chipsets, systems-on-chips, mobile and desktop processors, graphics processing units, and memory and storage products.
Overall, despite recent changes in Intel’s ownership and trading activity, the company continues to be closely monitored by analysts and investors for future performance and growth potential.
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https://www.marketbeat.com/instant-alerts/nasdaq-intc-sec-filing-2024-05-26/
