Intel Corp

NASDAQ:INTCUnited States

12:24 PM EST, 11/18/2024 (MT Newswires) -- Intel (INTC) has an average rating of hold and price targets ranging from $20 to $31, according to analysts polled by Capital IQ. (MT Newswires covers equity, commodity and economic research from major bank...

Ed Lin

One of the largest U.S. pensions recently made a big bet on two tech stocks and a healthcare company, slashing a position in a drug maker.

The State of Michigan Retirement Systems doubled a stake in Palantir Technologies, bought up Intel stock, and increased a stake in CVS Health, while it significantly reduced an investment in Bristol Myers Squibb. The pension reported the stock trades, among others, in a form it filed with the Securities and Exchange Commission.

By Bill Alpert and Brian Swint

Shares of Taiwan Semiconductor Manufacturing were slipping Friday after the Commerce Department announced the company could get up to $6.6 billion of government funding to build chip factories in Arizona.

By Adam Clark

ASML Holding was climbing Thursday as the chipmaking machinery company said it wasn't cutting its long-term targets. It's a relief for the semiconductor sector after ASML's sales warning last month tanked chip stocks.