St. Johns Investment Management Company LLC Boosts Stake in Intel Co. (NASDAQ:INTC)

St. Johns Investment Management Company LLC raised its position in Intel Co. (NASDAQ:INTC) by 60.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,035 shares of the chip maker’s stock after purchasing an additional 12,448 shares during the quarter. St. Johns Investment Management Company LLC’s holdings in Intel were worth $775,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. America First Investment Advisors LLC acquired a new stake in Intel during the 2nd quarter worth approximately $25,000. Tributary Capital Management LLC purchased a new position in Intel in the first quarter valued at $27,000. Cyrus J. Lawrence LLC acquired a new position in Intel during the 2nd quarter worth $27,000. Spartan Fund Management Inc. acquired a new position in Intel during the 2nd quarter worth $31,000. Finally, Financial Connections Group Inc. acquired a new stake in Intel in the 2nd quarter valued at about $32,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Up 1.5 %

Shares of Intel stock opened at $22.68 on Friday. The company has a market cap of $96.98 billion, a P/E ratio of 98.61 and a beta of 1.03. The firm has a fifty day moving average of $21.59 and a two-hundred day moving average of $27.63. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. Intel Co. has a one year low of $18.51 and a one year high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a net margin of 1.77% and a return on equity of 1.78%. Intel’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) EPS. On average, analysts forecast that Intel Co. will post -0.47 earnings per share for the current year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Wednesday, August 7th. Intel’s dividend payout ratio (DPR) is currently 217.40%.

Wall Street Analyst Weigh In

INTC has been the topic of a number of recent research reports. Hsbc Global Res lowered shares of Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Morgan Stanley reduced their price objective on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Truist Financial dropped their target price on Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Monday, September 23rd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $31.15.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger acquired 12,500 shares of Intel stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the purchase, the chief executive officer now directly owns 37,975 shares of the company’s stock, valued at approximately $765,576. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.04% of the company’s stock.

Intel Profile

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.