California Public Employees Retirement System Sells 791,607 Shares of Intel Co. (NASDAQ:INTC)

California Public Employees Retirement System trimmed its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 5.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,582,876 shares of the chip maker's stock after selling 791,607 shares during the period. California Public Employees Retirement System owned about 0.29% of Intel worth $252,287,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Dunhill Financial LLC boosted its position in Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker's stock worth $56,000 after purchasing an additional 438 shares during the period. CFM Wealth Partners LLC raised its holdings in Intel by 4.0% in the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker's stock valued at $263,000 after acquiring an additional 500 shares during the period. Ausdal Financial Partners Inc. lifted its position in Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock worth $501,000 after acquiring an additional 500 shares during the last quarter. Wealth Quarterback LLC boosted its holdings in shares of Intel by 2.0% during the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker's stock worth $510,000 after acquiring an additional 508 shares during the period. Finally, Missouri Trust & Investment Co grew its position in shares of Intel by 3.6% in the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker's stock valued at $314,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTC. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Needham & Company LLC restated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Cantor Fitzgerald lifted their price objective on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 18th. Roth Mkm cut their price objective on shares of Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, 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 report on Tuesday, January 21st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $27.04.

Intel Trading Up 0.3 %

NASDAQ INTC traded up $0.06 on Wednesday, reaching $22.11. The company had a trading volume of 33,201,019 shares, compared to its average volume of 74,587,546. The firm has a market cap of $95.74 billion, a price-to-earnings ratio of -5.05 and a beta of 1.02. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $44.08. The business has a 50 day moving average of $22.36 and a two-hundred day moving average of $22.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data 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%. Analysts forecast 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.