Sanibel Captiva Trust Company Reduces Intel Holdings

Sanibel Captiva Trust Company Inc. has reported a 24.4% decrease in its holdings of Intel Co. (NASDAQ:INTC) shares for the fourth quarter. This information was disclosed in the company's latest filing with the Securities and Exchange Commission. After selling 68,123 shares during this period, the trust now owns a total of 211,468 shares of Intel's stock, which has a market value of approximately $4.24 million.

Institutional Investors and Hedge Fund Activity

Various other institutional investors and hedge funds have also altered their positions in Intel shares. For instance, Cyrus J. Lawrence LLC purchased a new stake valued at around $27,000 during the second quarter. Meanwhile, Quest Partners LLC significantly increased its stake by a staggering 7,370.6% in the third quarter, now holding 1,270 shares worth about $30,000 after acquiring an additional 1,253 shares. Additionally, West Financial Advisors LLC and Groupama Asset Management both made noteworthy moves, with the former buying in during the fourth quarter with a position worth $31,000, and the latter increasing its stake by 6.3% in the third quarter, owning 137,181 shares valued at $32,000. Finally, Sawyer & Company Inc. also entered into a new position in the fourth quarter, which was valued at $32,000. Notably, institutional investors collectively own 64.53% of Intel's stock.

Intel's Stock Performance Overview

The current trading price of Intel (INTC) is $21.49. The company commands a market capitalization of approximately $92.69 billion, with a price-to-earnings ratio of -5.78 and a PEG ratio of 8.53. Over the last fifty days, the stock's moving average price has been around $21.55, while its two-hundred day average stands at $23.38. Intel shares have fluctuated between a 1-year low of $18.51 and a high of $50.30. The company also reports a current ratio of 1.31, a quick ratio of 0.97, and a manageable debt-to-equity ratio of 0.44.

Recent Quarterly Earnings Results

Intel recently announced its quarterly earnings on October 31st. The company reported an earnings per share (EPS) of -$0.46, missing analysts' expectations of -$0.02 by a significant margin. Despite this, Intel's revenue for the quarter was $13.30 billion, slightly exceeding the consensus estimate of $13.02 billion, but reflecting a year-over-year decline of 6.3%. The corresponding EPS for the same period in the previous year was $0.28. Moving forward, analysts predict that Intel is likely to post an EPS of -$0.87 for the current fiscal year.

Analyst Opinions on Intel

Equity analysts have recently issued various ratings on Intel's stock. Notably, the Goldman Sachs Group cut its target price from $22.00 to $21.00, designating a "sell" rating. In contrast, Needham & Company maintained a "hold" rating, as did Benchmark Research. Northland Securities also revised its price target from $42.00 to $28.00 while giving an "outperform" rating. Furthermore, Bank of America reiterated an "underperform" rating with a target price of $21.00. Overall, the analysts' assessments reflect six sell ratings, 25 hold ratings, and one buy rating for Intel's stock, leading to an average rating of "Hold" and a consensus target price of $29.88, according to MarketBeat data.

Insider Transactions

In related insider news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel on November 7th at an average price of $26.00, totaling $650,000 for the transaction. After this sale, Holthaus holds 273,258 shares valued at roughly $7.1 million. This transaction reflects an 8.38% reduction in the executive's ownership of the stock, as required to be disclosed to the SEC.

About Intel Corporation

Intel Corporation is a global company that designs, develops, manufactures, markets, and sells computing and related products and services. The company operates through various segments, including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Intel's product range includes central processing units (CPUs), chipsets, system-on-chips (SoCs), and a variety of hardware products that include graphics processing units (GPUs), accelerators, and memory and storage solutions.

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