St. Johns Investment Management Company LLC Has $555,000 Stock Holdings in Intel Co. (NASDAQ:INTC)

St. Johns Investment Management Company LLC lowered its position in shares of Intel Co. (NASDAQ:INTC) by 16.1% in the fourth quarter, Holdings Channel reports. The firm owned 27,702 shares of the chip maker’s stock after selling 5,333 shares during the period. St. Johns Investment Management Company LLC’s holdings in Intel were worth $555,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC grew its holdings in shares of Intel by 20.5% in the 4th quarter. Sound Income Strategies LLC now owns 7,551 shares of the chip maker’s stock valued at $151,000 after buying an additional 1,285 shares during the period. Johnson Bixby & Associates LLC grew its stake in Intel by 19.3% in the fourth quarter. Johnson Bixby & Associates LLC now owns 59,720 shares of the chip maker’s stock valued at $1,197,000 after acquiring an additional 9,678 shares during the period. IVC Wealth Advisors LLC increased its holdings in shares of Intel by 21.9% in the fourth quarter. IVC Wealth Advisors LLC now owns 17,373 shares of the chip maker’s stock worth $348,000 after acquiring an additional 3,116 shares in the last quarter. Mutual Advisors LLC raised its position in shares of Intel by 15.9% during the fourth quarter. Mutual Advisors LLC now owns 194,173 shares of the chip maker’s stock worth $3,819,000 after purchasing an additional 26,671 shares during the period. Finally, Traynor Capital Management Inc. lifted its holdings in shares of Intel by 128.1% during the 4th quarter. Traynor Capital Management Inc. now owns 26,840 shares of the chip maker’s stock valued at $538,000 after purchasing an additional 15,074 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of a number of research reports. Barclays lowered their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Rosenblatt Securities reaffirmed a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, Truist Financial upped their price objective on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus target price of $28.81.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.04% of the stock is currently owned by insiders.

Intel Stock Performance

NASDAQ:INTC opened at $21.57 on Friday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $50.30. The stock’s 50 day moving average price is $21.37 and its two-hundred day moving average price is $23.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period in the prior year, the business earned $0.28 EPS. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities research analysts predict that Intel Co. will post -0.87 EPS for the current year.

About Intel

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.