As per a recent 13F filing with the SEC, Trexquant Investment LP has increased its stake in Intel Co. (NASDAQ: INTC) by 69.0% during the fourth quarter. The institutional investor now holds 71,126 shares of the chipmaker, valued at $3,574,000. Other institutional investors and hedge funds have also made changes to their positions in the company, with 64.53% of the shares belonging to such entities.
Intel’s operations saw a decline of 4.3% recently, with the company’s stock opening at $30.08. The market capitalization of Intel stands at $128.05 billion, with a price-to-earnings ratio of 31.33. The company’s revenue for the last reported quarter was $12.72 billion, slightly below analyst estimates.
Intel also announced a quarterly dividend, with shareholders set to receive $0.125 per share on June 1. This represents an annualized dividend of $0.50 and a dividend yield of 1.66%. The company’s dividend payout ratio currently stands at 52.08%.
Recent analyst ratings on Intel have been mixed, with some firms lowering their price targets while others have maintained a neutral stance. The average rating for the stock is “Hold,” with a consensus price target of $39.58.
CEO Patrick Gelsinger made several significant stock purchases of Intel shares recently, totaling thousands of dollars. Insiders now own 0.04% of the company’s shares.
Intel Corporation operates globally, designing, developing, manufacturing, and selling computing and related products and services. The company’s product portfolio includes central processing units, chipsets, systems-on-chips, mobile and desktop processors, hardware products, graphics processing units, memory and storage products, connectivity and networking solutions, and other semiconductor products.
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