St. Johns Investment Management Company LLC cut its stake in shares of Intel Co. (NASDAQ:INTC) by 7.5% during the fourth quarter, HoldingsChannel reports. The firm owned 35,865 shares of the chip maker’s stock after selling 2,902 shares during the period. Intel makes up about 1.2% of St. Johns Investment Management Company LLC’s portfolio, making the stock its 21st largest holding. St. Johns Investment Management Company LLC’s holdings in Intel were worth $1,656,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Janus Henderson Group PLC lifted its stake in Intel by 4,951.1% in the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after acquiring an additional 20,050,088 shares during the last quarter. Capital Research Global Investors lifted its stake in Intel by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after acquiring an additional 10,744,753 shares during the last quarter. Capital World Investors lifted its stake in Intel by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after acquiring an additional 10,257,260 shares during the last quarter. Capital International Investors acquired a new stake in Intel in the third quarter valued at approximately $339,563,000. Finally, Vanguard Group Inc. lifted its stake in Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after acquiring an additional 8,087,302 shares during the last quarter. 69.13% of the stock is currently owned by hedge funds and other institutional investors.
INTC has been the subject of a number of analyst reports. JPMorgan Chase & Co. set a $53.00 target price on shares of Intel and gave the company a “buy” rating in a research note on Thursday, January 4th. Oppenheimer reiterated a “hold” rating on shares of Intel in a research note on Thursday, January 4th. BidaskClub upgraded shares of Intel from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 9th. Stifel Nicolaus lifted their target price on shares of Intel from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, Robert W. Baird set a $60.00 target price on shares of Intel and gave the company a “buy” rating in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $50.04.
Intel stock opened at $51.17 on Monday. The company has a market cap of $238,861.55, a price-to-earnings ratio of 25.84, a P/E/G ratio of 1.73 and a beta of 1.01. Intel Co. has a one year low of $33.23 and a one year high of $53.78. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.29 and a current ratio of 1.69.
Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion during the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.79 EPS. equities analysts predict that Intel Co. will post 3.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Monday, May 7th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.35%. The ex-dividend date is Friday, May 4th. Intel’s dividend payout ratio (DPR) is presently 60.61%.
In other Intel news, CEO Brian M. Krzanich sold 5,873 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total value of $267,691.34. Following the sale, the chief executive officer now owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Navin Shenoy sold 2,155 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $45.63, for a total transaction of $98,332.65. Following the completion of the sale, the executive vice president now directly owns 20,933 shares in the company, valued at approximately $955,172.79. The disclosure for this sale can be found here. Insiders sold a total of 123,914 shares of company stock worth $6,011,490 in the last three months. Insiders own 0.08% of the company’s stock.
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Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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