ST Germain D J Co. Inc. Has $1.75 Million Stock Position in Intel Co. (NASDAQ:INTC)

ST Germain D J Co. Inc. decreased its position in shares of Intel Co. (NASDAQ:INTC) by 57.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,211 shares of the chip maker’s stock after selling 117,693 shares during the period. ST Germain D J Co. Inc.’s holdings in Intel were worth $1,749,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Dunhill Financial LLC raised its holdings in shares of Intel by 22.6% during the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after buying an additional 438 shares in the last quarter. MKT Advisors LLC raised its holdings in shares of Intel by 4.8% during the 3rd quarter. MKT Advisors LLC now owns 10,762 shares of the chip maker’s stock valued at $241,000 after buying an additional 490 shares in the last quarter. Beaton Management Co. Inc. increased its stake in Intel by 2.2% in the 3rd quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after purchasing an additional 500 shares during the period. Everpar Advisors LLC increased its stake in Intel by 5.1% in the 3rd quarter. Everpar Advisors LLC now owns 10,326 shares of the chip maker’s stock worth $242,000 after purchasing an additional 504 shares during the period. Finally, Lavaca Capital LLC increased its stake in Intel by 4.7% in the 2nd quarter. Lavaca Capital LLC now owns 11,796 shares of the chip maker’s stock worth $365,000 after purchasing an additional 530 shares during the period. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Trading Down 3.7 %

Intel stock opened at $19.15 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The business’s fifty day simple moving average is $22.03 and its two-hundred day simple moving average is $23.75. Intel Co. has a 12 month low of $18.51 and a 12 month high of $50.30. The company has a market capitalization of $82.59 billion, a price-to-earnings ratio of -5.15 and a beta of 1.07.

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

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction 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 sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.04% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on INTC shares. The Goldman Sachs Group decreased their price target on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Robert W. Baird lifted their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. TD Cowen raised Intel to a “hold” rating in a research note on Monday, September 16th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $25.00 price objective (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Six research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $29.96.

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.