On June 19, 2023, Greylin Investment Management Inc announced that it had increased its stake in Intel Co (NASDAQ: INTC) by 18.1% during the first quarter of the year. According to a filing with the Securities and Exchange Commission (SEC), Greylin now owns 963,871 shares of the chip maker’s stock, making up 5.7% of its investment portfolio and ranking as Greylin’s third biggest holding. This recent acquisition resulted in an additional 147,958 shares being added to Greylin’s portfolio, increasing its total holdings to $31,490,000 in worth.
The news comes shortly after Intel released its earnings results on April 27th this year. While not entirely positive for the company, analysts seem hopeful for better numbers as the year progresses. The chip maker reported ($0.04) EPS for Q1 which was considered a win as it beat consensus estimates of ($0.16) by $0.12 per share. Despite this win, Intel still suffered from a negative net margin of 5.06% and a positive return on equity of just 3.06%. During the same period last year however, Intel managed to earn $0.87 EPS showing signs that growth may have slowed down for the company significantly.
Though Intel Corporation is world-renowned in designing and manufacturing computing products such as CPUs and chipsets – while also operating through Data Center and AI segments; analysts do show concern regarding Intel’s ability to maintain profit margins post-COVID-19 pandemic considering their loss in revenue over the past years (down by 36%). The business is expected to continue struggling throughout this year with analysts predicting that Intel Co will post -0.21 EPS for FY2023.
Nonetheless, it remains uncertain whether or not this new acquisition by Greylin will have any impact on Intel’s future success but given their level of investment and confidence, it is possible that Intel may receive a boost from this increase. With the tech industry constantly evolving and market trends changing at lightning speed, the future for both companies remains up in the air. What is clear however- Greylin has faith in Intel, and has shown just how much by investing millions of dollars into their company.
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Investors in Flux: Changes in Ownership and Stock Prices at Intel Corporation
Intel Corporation, one of the world’s leading semiconductor chip manufacturers, has experienced changes in its ownership and stock price. A number of institutional investors and hedge funds have recently made notable changes to their positions in the company; Marshall & Sullivan paid $26,000 for a new stake in Intel during Q4 2023, while Red Tortoise paid $29,000 for its own investment. Phocas Financial splashed out $33,000 on Intel stock while Antonetti Capital Management increased its stake by an impressive 78.5%. However, Glassy Mountain Advisors stole the show with its acquisition of Intel shares worth approximately $37,000.
As the range of stakeholders investing across different levels indicates, Intel has a significant market capitalization of over $151.70 billion. Its stock reached an all-time low of $24.59 earlier this year before bouncing back to a high of $40.73 on June 19th, when it opened at $36.37. The company’s PE ratio currently stands at -53.48 and shows no signs of stabilizing anytime soon.
In terms of product offerings, Intel manufactures and sells compute-related products globally through the Client Computing Group and other segments such as Data Center and AI, Network & Edge Computing and Mobileye among others.
Recent reports suggest that eight analysts have given Intel stock a sell rating while nineteen recommend holding their positions and five favor buying into the corporation. This has led to an average rating on Bloomberg.com that suggests that investors should wait before making any sudden moves.
Twenty-two million dollars-worth of shares were sold by major shareholder Corp Intel in early June this year alone with CEO Patrick P Gelsinger acquiring an additional 8,200 shares at an average price per share of $30.41 earlier in May 2023.
Given these recent developments within Intel Corporation and speculation from experts about potential future trends for semiconductor investments globally more generally speaking- it is a fascinating time to be an observer of the chipmaker giant. Investors may want to keep a close eye on Intel stock and consider its suitability within their portfolios before making any investment decisions.