St. Johns Investment Management Company LLC Trims Stake in Intel Co.

St. Johns Investment Management Company LLC has reduced its holdings in Intel Co. (NASDAQ:INTC), selling off 2.4% of its stake during the third quarter. The latest reports following the company's Form 13F filing with the Securities and Exchange Commission reveal that St. Johns owned 24,685 shares of the semiconductor giant after the sale of 599 shares in the quarter. The value of St. Johns Investment Management Company LLC's Intel shares was estimated to be $878,000 at the time of the last SEC filing.

Institutional Investors Adjust Intel Positions

A variety of other institutional investors have also recently changed their positions in Intel. Notable movements include Glass Jacobson Investment Advisors LLC and Cornerstone Planning Group LLC each initiating a new position in Intel shares, valued at approximately $25,000, during the second quarter. Your Advocates Ltd. LLP significantly increased their Intel holdings by 396.4%, acquiring an additional 654 shares and bringing their total to 819 shares worth $27,000. Moser Wealth Advisors LLC and Steward Financial Group LLC also started new investments in Intel during the second quarter, each with an approximate value of $31,000. Overall, institutional investors and hedge funds own 60.84% of Intel's shares.

Analysts' Views on Intel

Intel has recently received a variety of ratings from analysts. HSBC upgraded Intel from a 'reduce' to a 'hold' rating, increasing their price target from $27.00 to $33.00. Morgan Stanley also raised their price target from $35.00 to $39.00, maintaining an 'equal weight' rating. Conversely, Rosenblatt Securities held a 'sell' rating with a $17.00 price target. Despite these mixed reviews, Intel maintains an average 'Hold' rating and a consensus target price of $36.97, based on data from MarketBeat.com.

Intel's Market Performance

On the market front, Intel's stock price increased by $0.72, closing at $46.48 on the recently tracked Thursday. The company's shares saw activity with 7,027,097 traded, compared to its average volume of 41,788,836 shares. Intel has experienced lows of $24.73 and highs of $47.27 over the last year, with a current market capitalization of $195.96 billion. The stock's price-to-earnings ratio stands at -114.40, with a P/E/G ratio of 25.55 and a beta of 0.95. The stock's moving averages indicate $40.35 over fifty days and $36.63 over two hundred days.

Regarding earnings, Intel reported a $0.41 earnings per share for the quarter, surpassing the consensus estimate of $0.21, with quarterly revenues of $14.20 billion exceeding expectations of $13.57 billion. Despite positive earnings, Intel saw a net margin drop of 3.11% and only a slight return on equity of 0.49%. Year-over-year, the company's revenue shrank by 7.2%, recalling the prior year's $0.59 earnings per share. Projected EPS for the current fiscal year is $0.26.

Intel Announces Dividend and Insider Activity

Intel has declared a quarterly dividend which was paid to investors recorded by November 7th, with a dividend amounting to $0.125 per share. The dividend payout ratio currently stands at -125.00%. Additionally, insider activity includes a notable purchase by CEO Patrick P. Gelsinger who bought 6,775 Intel shares, investing a total of $249,320. This purchase increased his ownership to 25,475 shares, valued at approximately $937,480.

About Intel Corporation

Intel Corporation operates on a global scale, designing, developing, and manufacturing a wide array of computing and technological products. Its business is segmented across various divisions including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, among others. The company is well-known for its CPUs, chipsets, and multichip packages, and also for its work in accelerators, connectivity products, as well as memory and storage solutions.

Stake, Intel, Investment