New York State Teachers Retirement System Reduces Stock Position in Intel Co. (NASDAQ:INTC)

New York State Teachers Retirement System reduced its holdings in shares of Intel Co. (NASDAQ:INTC) by 5.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,539,383 shares of the chip maker’s stock after selling 185,060 shares during the quarter. New York State Teachers Retirement System’s holdings in Intel were worth $70,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC lifted its stake in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares in the last quarter. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter valued at approximately $25,000. Keystone Financial Group Inc. purchased a new stake in shares of Intel during the 4th quarter valued at approximately $29,000. FSA Wealth Management LLC purchased a new stake in shares of Intel during the 3rd quarter valued at approximately $34,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Intel during the 3rd quarter valued at approximately $36,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INTC has been the topic of a number of recent research reports. Cantor Fitzgerald restated a “neutral” rating and set a $22.00 price target on shares of Intel in a research note on Friday, January 31st. The Goldman Sachs Group lowered their target price on shares of Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Citigroup lowered their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their target price on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, January 31st. Finally, HSBC upgraded shares of Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Intel presently has an average rating of “Hold” and an average target price of $26.60.

Intel Trading Up 7.3 %

Shares of Intel stock opened at $24.13 on Friday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The company’s fifty day simple moving average is $20.21 and its two-hundred day simple moving average is $21.71.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Sell-side analysts predict that Intel Co. will post -0.11 EPS for the current year.

Intel Company 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.