National Pension Service Has $193.83 Million Stake in Intel Co. (NASDAQ:INTC)

National Pension Service grew its holdings in Intel Co. (NASDAQ:INTC) by 13.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,262,173 shares of the chip maker’s stock after purchasing an additional 951,230 shares during the period. National Pension Service owned about 0.19% of Intel worth $193,831,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in INTC. America First Investment Advisors LLC acquired a new position in Intel in the second quarter worth approximately $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel in the second quarter worth approximately $27,000. Spartan Fund Management Inc. acquired a new position in Intel in the second quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in Intel in the second quarter worth approximately $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel in the second quarter worth approximately $33,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Bank of America downgraded Intel from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $35.00 to $23.00 in a report on Friday, August 2nd. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday. Finally, Roth Mkm reduced their price objective on Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $30.12.

Intel Stock Performance

Shares of NASDAQ:INTC opened at $22.60 on Monday. Intel Co. has a twelve month low of $18.51 and a twelve month high of $51.28. The firm has a market cap of $96.64 billion, a PE ratio of -6.24 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The business has a fifty day moving average of $21.79 and a 200-day moving average of $26.90.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.68%. The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the business posted $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts predict that Intel Co. will post -0.47 EPS for the current fiscal year.

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.