Intel’s stock, along with Nvidia and AMD, has gained attention as Apollo offers an $11 billion capital injection to transform its chip manufacturing process. Intel under CEO Pat Gelsinger has launched a revival plan, but faces challenges such as disappointing first-quarter results and geopolitical tensions affecting its supply chain. On the positive side, Intel is … Read more
Intel (NASDAQ: INTC) is in the spotlight alongside NVIDIA (NASDAQ: NVDA) and AMD (NASDAQ: amd) as Apollo offers a capital injection of $11 billion, potentially transforming its chip manufacturing process. Additionally, the Biden administration has provided $8.5 billion in funding for improvements. Under CEO Pat Gelsinger, Intel has launched a revival plan, but faces challenges … Read more
Institutional ownership plays a crucial role in influencing the stock price of companies like Intel. With institutions owning 67% of Intel Corporation’s shares, they hold significant power in determining the company’s future. These institutions have access to substantial resources and expertise, making their investment in Intel a vote of confidence in the company’s potential growth. … Read more
Intel has experienced a significant drop in its share price over the past three months, down by 26%. To investigate the causes behind this decline, a study of Intel’s financial performance was conducted, with a focus on the company’s return on equity (ROE). ROE is a metric used to assess how effectively a company generates … Read more
In San Diego on June 20, 2024, a shareholder filed a class action lawsuit against Intel Corporation (NASDAQ: INTC), alleging that the company misrepresented its business prospects. The lawsuit claims that Intel announced a shift to an internal foundry model in October 2022, promising cost-saving and margin-improving benefits. However, in April 2024, Intel disclosed operating … Read more
Bank of New Hampshire has reduced its holdings in Intel Co. by 10.1% in the first quarter, according to a recent disclosure with the SEC. They sold 1,017 shares and now own 9,034 shares of the chipmaker, worth $399,000. Other hedge funds have also adjusted their positions in Intel, with most increasing their stakes. Analysts … Read more
Werlinich Asset Management LLC recently acquired 32,305 shares of Intel Co. stock in the first quarter, totaling approximately $1,414,000. Other institutional investors and hedge funds also made changes to their holdings in the company, such as New Millennium Group LLC, Frazier Financial Advisors LLC, Burkett Financial Services LLC, Raleigh Capital Management Inc., and Valued Wealth … Read more
Intel Co. (NASDAQ: INTC) saw a 1% increase in its stock price on Friday, reaching as high as $31.20 before closing at $30.92. The trading volume was lower than the average daily volume. Several analysts recently revised their price targets for Intel, with some lowering them due to various factors affecting the company’s performance. Overall, … Read more
Intel Corp., listed as INTC on the NASDAQ exchange, is undergoing a major transformation with plans to overhaul its operations thanks to the CHIPS Act, a $280 billion package signed into law by President Joe Biden in 2022. The goal is to become a manufacturing powerhouse that can compete with industry giants like Nvidia and … Read more
Levi & Korsinsky, LLP has informed investors in Intel Corporation about a securities class action lawsuit. The lawsuit aims to recover losses for investors who were impacted by alleged values fraud between January 25, 2024, and April 25, 2024. The complaint alleges that Intel Corporation’s defendants made false statements regarding Intel Foundry Services’ growth not … Read more