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 Advisors LLC. These actions collectively represent 64.53% of the company’s shares owned by institutional investors.
In internal transactions, CEO Patrick Gelsinger purchased 4,100 shares of Intel Co. stock on May 1st at an average price of $30.29 per share, as well as an additional 4,000 shares on April 29th at an average price of $31.42 per share. The total value of these acquisitions amounted to $124,189.00 and $125,680.00 respectively.
Intel’s stock performance showed an increase of $0.47 on Friday, reaching $31.09 with a trading volume of 92,549,024 shares. The company’s market capitalization is $132.35 billion, with a PE ratio of 32.39 and a beta of 1.06. Intel Co. reported quarterly earnings on April 25th, with earnings per share (EPS) of ($0.06) compared to the consensus estimate of ($0.03). Analysts predict EPS of 0.09 for the current year, with a return on equity of 2.19% and a net margin of 7.36%.
The company also announced a quarterly dividend, paying out $0.125 per share on June 1st. The dividend yield was 1.61%, with a payout ratio of 52.08%. Analysts have varied views on Intel’s stock, ranging from sell ratings to buy ratings, with a consensus rating of “Hold” and an average price target of $39.58.
Intel Corporation operates globally, designing, developing, manufacturing, and selling computing and related products and services. The company’s segments include Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services, offering a range of products including central processing units, chipsets, and mobile and desktop processors.
Overall, the acquisitions, stock performance, earnings report, dividend announcement, and analyst forecasts paint a detailed picture of Intel Co.’s current standing in the market.
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