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Time-symmetry concept boosts accuracy of radar and LiDAR systemsSo far in 2024, the S&P 500 index has gained an impressive 26% while the tech-heavy Nasdaq Composite has soared roughly 28%. Without a doubt, one of the biggest tailwinds fueling these market returns is artificial intelligence (AI). Among AI's hottest stocks through 2024 are data analytics company Palantir Technologies ( PLTR -1.03% ) and semiconductor leader Nvidia ( NVDA 0.28% ) . Both companies have handily topped the markets this year -- with shares of Palantir rocketing by 291% while Nvidia has gained about 179% (as of market close Nov. 29). With Palantir and Nvidia looking like two of the AI realm's most dominant forces, would you be surprised to learn that some of Wall Street's brightest minds are only buying one of these stocks right now? Below, I'll outline moves made by some of the most prestigious hedge funds and detail why I think these decisions could make a lot of sense. How is Wall Street investing in Palantir and Nvidia? Thanks to an incredibly helpful tool called the form 13F , everyday investors can get a glimpse into what stocks large institutional investors are buying and selling. Below, I've quantified the buys and sells between Palantir and Nvidia stock among two notable hedge fund managers during the third quarter: Ken Griffin (Citadel Advisors) : In the September-ended quarter, Ken Griffin's Citadel Advisors sold 5,172,681 shares of Palantir -- reducing the fund's exposure by 91% in the process . At the same time, Griffin and his constituents increased Citadel's stake in Nvidia by 194% -- adding over 4.7 million shares. David Shaw (D.E. Shaw) : Another hedge fund that trimmed its stake in Palantir during the third quarter was D.E. Shaw, which sold 8.7 million shares of the software giant and reduced its position by 45%. Similar to Citadel, D.E. Shaw increased its exposure in Nvidia by more than 50%, buying nearly 6 million shares in the quarter. Let's dig into what may have influenced the decisions to trim Palantir while adding Nvidia over the last few months. Why sell Palantir right now? In April 2023, Palantir launched its fourth major software suite -- the Palantir Artificial Intelligence Platform (AIP). The advent of AIP has catapulted Palantir into the forefront of the AI narrative, helping the company accelerate revenue across both the commercial and public sectors, all while achieving notable margin expansion and consistent profitability. While Palantir's current rate of growth and future outlook are impressive , there is one obvious reason to sell the stock right now: valuation. PLTR PS Ratio data by YCharts As of the time of this writing, Palantir is trading at a price-to-sales (P/S) ratio of 61. As the chart above illustrates, the company has experienced notable valuation expansion throughout 2024 and has emerged as one of the priciest software-as-a-service (SaaS) stocks among its peers. To put it plainly, there is a really good argument to be made that Palantir stock is overbought. Given how much momentum shares have witnessed in such short order, I can't blame the teams at Citadel and D.E. Shaw for reducing their exposure. The stock has had a historic run, and now appears to be a logical opportunity to lock in some profits. Why buy Nvidia right now? Nvidia is one of the most important pillars supporting the entire AI ecosystem right now. The company's chip sets, known as graphics processing units (GPUs), are perhaps the most coveted piece of infrastructure for generative AI development. In my eyes, the two most obvious catalysts fueling Nvidia's bull case thesis over the next few years are rising investment in AI-related infrastructure combined with the upcoming launch of the company's next generation GPU architecture, Blackwell. Similar to why I think investors are selling Palantir, the primary reason influencing the decisions to buy Nvidia could be valuation. NVDA PE Ratio data by YCharts While Nvidia's valuation isn't cheap per se, the company's current price-to-earnings (P/E) and price-to-free-cash-flow (P/FCF) multiples are trading relatively in line with 10-year averages. Given Nvidia is a much larger entity today than it was a decade ago, coupled with its strong position to continue acquiring incremental market share as demand for AI infrastructure continues to soar, investors could argue that Nvidia is actually undervalued -- making it a particularly compelling buy and hold at the moment. The bottom line While I understand the decision to sell Palantir and buy Nvidia right now, I can't say for certain what drove the decisions of the portfolio managers that I mentioned in this piece. As I've written in many other articles, I think competition in the GPU space is going to eat into Nvidia's growth sooner rather than later. For that reason, I haven't entirely bought into the notion that Nvidia's valuation is actually all that reasonable. While I own shares in both Palantir and Nvidia, I won't be adding to either position at their respective prices.
Analysis: Protecting QBs from violent late hits like the one that leveled Trevor Lawrence isn't easyHowever, some state workers failed to return to their jobs and a United Nations official said the country’s public sector had come “to a complete and abrupt halt”. Meanwhile, streams of refugees crossed back into Syria from neighbouring countries, hoping for a more peaceful future and looking for relatives who disappeared during Mr Assad’s brutal rule. There were already signs of the difficulties ahead for the rebel alliance now in control of much of the country. The alliance is led by a former senior al-Qaida militant, who severed ties with the extremist group years ago and has promised representative government and religious tolerance. The rebel command said they would not tell women how to dress. “It is strictly forbidden to interfere with women’s dress or impose any request related to their clothing or appearance, including requests for modesty,” the command said in a statement on social media. Nearly two days after rebels entered the capital, some key government services had shut down after state workers ignored calls to go back to their jobs, the UN official said, causing issues at airports and borders and slowing the flow of humanitarian aid. Rebel leader Ahmad al-Sharaa, who was known by his nom de guerre Abu Mohammed al-Golani, also met with Prime Minister Mohammad Ghazi Jalali for the first time. Mr Jalali stayed in Syria when Mr Assad fled and has sought to project normalcy since. “We are working so that the transitional period is quick and smooth,” he told Sky News Arabia TV on Monday, saying the security situation had already improved from the day before. At the court of Justice in Damascus, which was stormed by the rebels to free detainees, Judge Khitam Haddad, an aide to the justice minister in the outgoing government, said that judges were ready to resume work quickly. “We want to give everyone their rights,” Mr Haddad said outside the courthouse. “We want to build a new Syria and to keep the work, but with new methods.” But a UN official said some government services had been paralysed as worried state employees stayed at home. The public sector “has just come to a complete and abrupt halt,” said Adam Abdelmoula, UN resident and humanitarian co-ordinator for Syria, noting, for example, that an aid flight carrying urgently needed medical supplies had been put on hold after aviation employees abandoned their jobs. “This is a country that has had one government for 53 years and then suddenly all of those who have been demonised by the public media are now in charge in the nation’s capital,” Mr Abdelmoula told The Associated Press. “I think it will take a couple of days and a lot of assurance on the part of the armed groups for these people to return to work again.” In a video shared on a rebel messaging channel, Mr al-Sharaa said: “You will see there are skills” among the rebels. The Kremlin said Russia has granted political asylum to Mr Assad, a decision made by President Vladimir Putin. Kremlin spokesperson Dmitry Peskov declined to comment on Mr Assad’s specific whereabouts and said Mr Putin did not plan to meet with him. Damascus was quiet Monday, with life slowly returning to normal, though most shops and public institutions were closed. In public squares, some people were still celebrating. Civilian traffic resumed, but there was no public transport. Long lines formed in front of bakeries and other food stores. There was little sign of any security presence though in some areas, small groups of armed men were stationed in the streets.Andre Drummond latest 76er to hit the injury listArrest made in 1997 New Jersey cold case murder of Tammy Tignor
December 28 - Colby Rogers made 6 of 9 3-pointers and scored 28 points as host Memphis defeated No. 16 Ole Miss 87-70 on Saturday afternoon. Rogers fouled out and finished one 3-pointer and one point short of his career-highs in both categories and Memphis never trailed. PJ Haggerty added 17 points, Dain Dainja had 16 and Moussa Cisse, an Ole Miss transfer who's in his second stint with the Tigers (10-3), had 13 points and 11 rebounds. Sean Pedulla scored 13, Jaylen Murray had 12 and Malik Dia added 11 to lead the Rebels (11-2), who had won their last five games. Memphis scored the first five points of the second half to increase its lead to 43-36. Pedulla made a layup for Ole Miss' first points, but Nicholas Jourdain made consecutive field goals to push the lead to nine. Mikeal Brown-Jones made two free throws for the Rebels before Haggerty made a 3-pointer and Cisse added a tip-in for a 52-40 lead. Pedulla made a jumper before Brown-Jones was ejected for committing a Flagrant 2 foul. Haggerty made both of the technical free throws and Rogers added two 3-pointers to push the lead to 16. Ole Miss got within 11 points four times, but couldn't get any closer until Matthew Murrell's dunk trimmed the lead to 76-67 with five minutes remaining. Rogers answered with a 3-pointer and Dainja added two field goals to increase the lead to 16. Murray made a free throw, but the Rebels didn't make a field goal during the final 5:32. The Tigers scored the first four points of the game and Haggerty had four as they opened a 9-2 lead. The Rebels made consecutive field goals before Memphis scored eight straight points for a 17-6 lead. Eduardo Klafke made a 3-pointer to end the run, but Rogers' 3-pointer helped the Tigers increase the lead to 27-14. Ole Miss scored the next seven points before Cisse's basket ended the run. The Rebels closed within four points four times Brown-Jones made two free throws to trim the lead to 38-36 at halftime. --Field Level Media Our Standards: The Thomson Reuters Trust Principles. , opens new tab
A Mini India exists in Guyana, says PM Modi in 'Mann Ki Baat'GSA Capital Partners LLP purchased a new stake in shares of Silgan Holdings Inc. ( NYSE:SLGN – Free Report ) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,534 shares of the industrial products company’s stock, valued at approximately $238,000. A number of other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. increased its stake in shares of Silgan by 256.6% in the 2nd quarter. Blue Trust Inc. now owns 592 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 426 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Silgan by 2,838.5% during the second quarter. Versant Capital Management Inc now owns 1,146 shares of the industrial products company’s stock valued at $49,000 after purchasing an additional 1,107 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Silgan by 109.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,171 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 613 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Silgan in the 2nd quarter worth approximately $70,000. Finally, Venturi Wealth Management LLC increased its position in Silgan by 220.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $74,000 after buying an additional 963 shares in the last quarter. 70.25% of the stock is owned by institutional investors. Silgan Stock Performance Shares of NYSE SLGN opened at $56.53 on Friday. Silgan Holdings Inc. has a 12-month low of $40.88 and a 12-month high of $56.78. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 20.48, a price-to-earnings-growth ratio of 1.46 and a beta of 0.67. The company has a current ratio of 1.09, a quick ratio of 0.75 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average of $52.29 and a 200 day moving average of $48.91. Silgan Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Monday, December 2nd. Silgan’s dividend payout ratio (DPR) is currently 27.54%. Analyst Upgrades and Downgrades A number of equities analysts recently issued reports on the stock. Royal Bank of Canada upped their price target on shares of Silgan from $55.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Truist Financial reiterated a “buy” rating and set a $59.00 price target (up previously from $56.00) on shares of Silgan in a report on Thursday, August 1st. Wells Fargo & Company boosted their price objective on shares of Silgan from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. upgraded Silgan from an “underweight” rating to a “neutral” rating and increased their target price for the company from $46.00 to $53.00 in a research note on Thursday, August 1st. Finally, StockNews.com cut Silgan from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $57.43. Read Our Latest Analysis on Silgan Silgan Profile ( Free Report ) Silgan Holdings Inc, together with its subsidiaries, manufactures and sells rigid packaging solutions for consumer goods products in the United States and internationally. It operates through three segments: Dispensing and Specialty Closures, Metal Containers, and Custom Containers. The Dispensing and Specialty Closures segment offers a range of metal and plastic closures, and dispensing systems for food, beverage, health care, garden, home, personal care, beauty products, and hard surface cleaning products, as well as capping/sealing equipment and detection systems. Read More Five stocks we like better than Silgan Overbought Stocks Explained: Should You Trade Them? Vertiv’s Cool Tech Makes Its Stock Red-Hot Manufacturing Stocks Investing MarketBeat Week in Review – 11/18 – 11/22 Utilities Stocks Explained – How and Why to Invest in Utilities 2 Finance Stocks With Competitive Advantages You Can’t Ignore Want to see what other hedge funds are holding SLGN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Silgan Holdings Inc. ( NYSE:SLGN – Free Report ). Receive News & Ratings for Silgan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silgan and related companies with MarketBeat.com's FREE daily email newsletter .KUALA LUMPUR: Malaysia’s jailed ex-leader Najib Razak began his defence Monday against graft charges tied to more than $500 million in alleged bribes and several counts of money laundering, saying they were “politically motivated”. The former prime minister, already serving a six-year jail term for corruption related to the plunder of sovereign wealth fund 1MDB, faces several other cases linked to the financial scandal that led to his defeat in 2018 elections. Taking the witness stand, Najib told the court: “The charges against me are politically motivated.” The case involves 2.27 billion ringgit ($510 million) in alleged bribes and 21 counts of money laundering. If convicted, Najib faces hefty fines and sentences of up to 20 years for each count of abuse of power. Dressed in a navy blue suit with matching tie, the 71-year-old coughed throughout his opening statement. His wife Rosmah Mansor sat in the public gallery. The case involves Tanore Finance Corp, which US authorities have said was used to siphon money from 1MDB. It was allegedly used to channel money to Najib’s personal bank account. Najib issued an apology in October that the 1MDB scandal happened during his tenure, but maintained he had no knowledge of illegal transfers from the now-defunct state fund. His lead lawyer, Muhammad Shafee Abdullah, has said they were “more determined” than ever to fight the case. During Monday’s proceedings, Justice Collin Lawrence Sequerah granted Najib’s request to read aloud his entire witness statement — which runs to 525 pages. Graft probes globally Allegations that billions of dollars were pilfered from investment vehicle 1MDB and used to buy everything from a superyacht to artwork played a major role in prompting voters to oust Najib and the long-ruling United Malays National Organization party in the 2018 elections. The 1MDB scandal sparked investigations in the United States, Switzerland and Singapore, where the funds were allegedly laundered. The US Justice Department has said more than $4.5 billion was stolen from 1MDB between 2009 and 2015 by high-level officials at the fund and their associates. Najib began serving a 12-year jail term in August 2022 for offences linked to the misuse of public money from former 1MDB unit SRC International. The sentence was later halved by Malaysia’s pardons board. Since then, Najib has won some legal victories. On Nov 27, a Malaysian court allowed corruption charges in one of the five cases linked to 1MDB to be dropped against him. Another charge of audit tampering ended with an acquittal in 2023. Separately, the Court of Appeal will on Thursday hear Najib’s challenge against a lower court’s refusal to hear his request for house arrest. — AFPCome April 1, 2025, Alberta is ending photo radar ticketing on all numbered provincial highways. The province also plans over the coming months to review “cash cows” – photo radar spots that appear to prioritize money-making over safety — with the goal of shutting down 70 per cent of the current 2,200 sites. Transportation Minister Devin said far too often photo radar penalizes drivers without improving road safety, adding the province doesn’t intend to offer extra cash to make municipalities whole from the lost photo radar revenue. “The whole point of getting rid of these cash cow locations is to make sure that photo radar is used as a traffic safety tool and not as a revenue generator,” Dreeshen told a news conference Monday. Photo radar will continue to be allowed in school zones, playground zones and construction sites, but beyond these areas, local governments will have to submit their case and show evidence of higher collision rates. At intersections equipped with cameras, running a red light could still net a driver a ticket, but speeding on green will not – starting in the spring. Kara Westerlund, president of the Rural Municipalities of Alberta, applauded the move. “Our communities have called for change, and I’m proud to say that this government has listened,” she said at the government news conference. Alberta Municipalities president Tyler Gandam said his organization supports local governments using automated traffic enforcement for safety reasons, since the data shows it reduces deaths, injuries and property damage. “It’s improving safety in the communities, no question,” Gandam said in an interview, adding the government’s decision is about political points because getting tickets is unpopular. Gandam said forcing municipalities to go through another approval process represents more bureaucracy from a government that prides itself on cutting red tape. He said photo radar revenue makes up a small portion of any municipality’s budget. For him, the issue is about safety, including that of the police officers who will need to enforce traffic safety. Dreeshen said the province has seen a “mixed bag” of data measuring photo radar’s effect on collision numbers. “There’s lots of folks that will say photo radar is needed to keep these streets safe, but we’ve also seen municipalities, when they remove photo radar, that we’ve actually seen safer streets,” he said. “We’re not banning speed limits,” he said. Opposition NDP critic Lorne Dach told reporters Dreeshen’s move doesn’t appear to be supported by evidence. “The decision-making here seems to be basically based on the minister’s decision about popularity rather than public safety data,” said Dach. NDP Leader Naheed Nenshi said the government is adding red tape, and that municipalities, including Calgary, use photo radar funding to pay for policing. “If this government wants municipalities to increase property taxes for their largest budget item, they should just say so,” he said. The announcement comes after years of the previous NDP government and current the United Conservative government placing restrictions on how municipalities use photo radar sites. In 2019, the then-NDP government introduced a freeze on new locations and banned photo radar in transition zones: spots where the speed limit changes on highways. Photo radar was also banned on high-speed, multi-lane highways unless there was documented proof of safety concerns. The freeze was then extended when in 2022, the UCP said no photo radar was allowed on residential roads with speed limits below 50 km/h. Keep in mind, many Edmonton streets are now 40 km/h. Double dipping — issuing multiple tickets within five minutes — was also banned. Photo radar vehicles now also have to be highly visible. Cities couldn’t run photo radar in construction zones except when construction workers were present and it was only allowed in school zones when classes were in session. Municipalities were also obligated to provide data on collisions and safety to justify why they are running photo radar at certain locations. A year ago, Dreeshen said photo radar is being used as a cash cow in some places across Alberta. At that time, the province banned the use of the enforcement tool on Calgary and Edmonton’s ring roads ( Stoney Trail and Anthony Henday Drive) and said it would spend the following year removing spots where there is no clear safety reason for photo radar and it’s only being done to collect money. Before the ban, Calgary’s ring road had eight photo radar sites and Edmonton’s ring road had 22. Red light intersection cameras were left out of the review process because they have been proven to prevent T-bones and similar collisions that lead to serious injuries or death. Edmonton and Calgary were given the option to redeploy the photo radar units previously used on ring roads to areas in the cities where they have a safety impact — in school, playground and construction zones. A cap on any new photo radar equipment, programs or new photo radar locations was extended to Dec. 1, 2024 while the province consulted with municipalities. Dreeshen said on Monday the ring road ban has shown good results, in part because drivers aren’t taken off guard by having to suddenly slow down and disrupt traffic. In 2019, the UCP increased the province’s share of photo radar revenue to 40 per cent from 27. That fiscal year, the revenue generated was $203 million across the province. By last year, total revenue was down to $145 million, Dreeshen said Monday. Among the top five revenue-generating sites listed by the government in 2023, four are in Edmonton and area, each collecting between $2.1 million and almost $6 million per year. Alberta’s first photo radar units were introduced in 1987 and as of last fall, there were about 2,387 photo radar sites across the province. — With files from Karen Bartko, Global News
NEW YORK , Dec. 2, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm by ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Future Vision II Acquisition Corp. (NASDAQ: FVNNU ) , relating to the proposed merger with Viwo Technology Inc. Under the terms of the agreement, Viwo shareholders will receive in the aggregate 9,950,250 shares of Future Vision valued at $10.05 per share. Click here for more https://monteverdelaw.com/case/future-vision-ii-acquisition-corp-fvnnu/ . It is free and there is no cost or obligation to you. NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask: About Monteverde & Associates PC Our firm litigates and has recovered money for shareholders...and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341. Contact: Juan Monteverde, Esq. MONTEVERDE & ASSOCIATES PC The Empire State Building 350 Fifth Ave. Suite 4740 New York, NY 10118 United States of America [email protected] Tel: (212) 971-1341 Attorney Advertising. (C) 2024 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC ( www.monteverdelaw.com ). Prior results do not guarantee a similar outcome with respect to any future matter. SOURCE Monteverde & Associates PCJames, Quigley and Hayes combine for 59 points as No. 20 NC State women beat Coastal Carolina 89-68Mary and Kerry spend their free time who are caught up on the wrong side of the law live better lives. or signup to continue reading The pair (who wished only to use their first names) volunteer for South Australia's and say they find their roles meaningful. "Without being sanctimonious, knowing that our service may help get through their a little more easily [and] that someone still sees their humanity [makes me feel fulfilled]," Mary said. Kerry said volunteering gives him purpose, a chance to meet lots of interesting people, get training on a mix of topics to help him work with people better, and share some social activities. Both dispelled similar myths about working in such settings. "It is not dangerous. You are safer in there than in the wider world," Mary said. "I have never been threatened or felt at risk while doing my volunteer role," Kerry said. Mary helps catalogue, cover, repair, and reshelve thousands of books in the library at Yatala Labour Prison in Adelaide. "I've always loved books and reading... The fact that somebody in there wanted access to them ... triggered... my impulse to go and do that," she said. Interaction with prisoners is short and respectful. She fields questions about different subjects or titles that might be available, such as sports biographies or any of "the classics", plus shares a little banter. Mary, who has previous experience in disability support and volunteering at a school library, finds they're taken aback when they find out she's a volunteer. "Sometimes you get the sense that they think... 'They're doing this for me for free. That's kind of [them]'," she said." Kerry has a varied role where he supports people who have received a court-ordered sanction of some kind, like a prison sentence, or a bail or community-based order. You'll find him helping with accessing a bank, getting a phone, helping them maintain accommodation, go to medical appointments, help them learn how to use public transport, and be a listening ear. "When they realise that I am a volunteer, the majority become quite chatty and are happy to talk about most subjects," he said. "It is not common for them to talk about their lives and experience inside prison or why they ended up inside, so I don't ask. It can be quite overwhelming for some, so I try not to elevate any anxiety and just guide them through each interaction they have." He said he can become quite friendly with some of the longer-term people he helps. "They treat me with respect and are happy to have someone to help them and have a chat and a coffee [with]," he said. "This is rewarding for me when I think they are trying to move on with their lives." Kerry was able to use the skills he'd learned from working in civil construction for several decades plus with the education department. The SA Department for Correctional Services is looking for volunteers to help support people who are going back into the community, as well as those in prison. Roles include transporting people between locations for appointments or after release from prison, education such as numeracy and literacy, creative writing and art classes, library services, driver education, and helping people reintegrate into the community with tasks like shopping and learning how to use public transport. For more information visit or visit corrections.sa.gov.au Advertisement Sign up for our newsletter to stay up to date. We care about the protection of your data. Read our . Advertisement
Thrivent Financial for Lutherans reduced its stake in Intel Co. ( NASDAQ:INTC – Free Report ) by 10.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,635 shares of the chip maker’s stock after selling 23,745 shares during the period. Thrivent Financial for Lutherans’ holdings in Intel were worth $4,988,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors and hedge funds have also made changes to their positions in the stock. Primecap Management Co. CA boosted its stake in Intel by 2.2% during the 2nd quarter. Primecap Management Co. CA now owns 77,822,587 shares of the chip maker’s stock valued at $2,410,166,000 after purchasing an additional 1,697,550 shares in the last quarter. Van ECK Associates Corp grew its holdings in Intel by 27.2% during the third quarter. Van ECK Associates Corp now owns 44,013,936 shares of the chip maker’s stock worth $967,426,000 after acquiring an additional 9,422,136 shares during the period. Legal & General Group Plc raised its position in Intel by 1.3% in the second quarter. Legal & General Group Plc now owns 37,513,226 shares of the chip maker’s stock worth $1,161,779,000 after acquiring an additional 487,191 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Intel by 2.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 24,512,863 shares of the chip maker’s stock valued at $759,127,000 after acquiring an additional 656,583 shares during the last quarter. Finally, Davis Selected Advisers boosted its position in shares of Intel by 86.2% during the 2nd quarter. Davis Selected Advisers now owns 12,642,316 shares of the chip maker’s stock valued at $391,533,000 after purchasing an additional 5,851,098 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors. Intel Stock Performance INTC opened at $24.50 on Friday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The firm has a market capitalization of $105.67 billion, a P/E ratio of -6.59 and a beta of 1.03. The stock’s 50 day moving average price is $23.19 and its two-hundred day moving average price is $26.11. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Insider Buying and Selling In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . 0.04% of the stock is owned by company insiders. Analyst Ratings Changes Several research firms recently commented on INTC. JPMorgan Chase & Co. cut their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus reissued a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Northland Securities cut their target price on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. UBS Group decreased their price target on Intel from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Argus downgraded Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.12. Read Our Latest Research Report on Intel Intel Company Profile ( Free Report ) Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products. Read More Receive News & Ratings for Intel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intel and related companies with MarketBeat.com's FREE daily email newsletter .MICROCHIP Technology, a maker of chips for cars, consumer devices and other products, said it would close a plant in Tempe, Arizona, affecting about 500 employees. The company also said that orders have been slower than anticipated and it was revising the December quarter’s outlook to near the low end of its original forecast of about US$1.03 billion. Steve Sanghi, board chairman and interim chief executive officer, said on Monday (Dec 2) that the Tempe plant would be shut down in the September 2025 quarter because “inventory levels are high and the company has ample capacity in place and the ability to expand capacity in the other facilities in the future”. Microchip, based in Chandler, Arizona, has been mired in a deep sales slump, with revenue projected to plunge 40 per cent this year. Sanghi, a company veteran who had previously served as CEO, returned last month to the top post, replacing Ganesh Moorthy. “I want to clarify for investors that I plan to stay in this role, even though the title is interim, for as long as it is necessary, so there is no definitive timeline for my successor,” Sanghi said. BLOOMBERG