Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 11,812 Shares of Intel Co. (NASDAQ:INTC)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 917,073 shares of the chip maker's stock after selling 11,812 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Intel were worth $18,387,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in INTC. Assenagon Asset Management S.A. boosted its stake in Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after purchasing an additional 14,227,458 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Intel by 28.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock valued at $1,371,692,000 after acquiring an additional 12,865,308 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in shares of Intel by 224.8% in the third quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker's stock valued at $244,302,000 after acquiring an additional 7,207,785 shares in the last quarter. State Street Corp increased its position in Intel by 2.8% during the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock worth $4,644,112,000 after acquiring an additional 5,417,753 shares during the period. Finally, Geode Capital Management LLC raised its stake in Intel by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 92,510,098 shares of the chip maker's stock worth $2,162,891,000 after purchasing an additional 4,103,553 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently commented on INTC. Stifel Nicolaus lowered their target price on shares of Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Cantor Fitzgerald upped their target price on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research report on Tuesday, February 18th. Wells Fargo & Company cut their price objective on shares of Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, January 31st. Finally, UBS Group cut their price target on shares of Intel from $26.00 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 21st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned 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 an average price target of $27.04.

Intel Stock Performance

INTC traded down $0.04 during trading on Monday, hitting $24.22. 68,936,310 shares of the company traded hands, compared to its average volume of 72,089,852. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The firm has a market cap of $104.87 billion, a P/E ratio of -5.53 and a beta of 1.02. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The stock's fifty day moving average is $21.95 and its 200 day moving average is $22.01.

Intel (NASDAQ:INTC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities analysts predict that Intel Co. will post -0.11 EPS for the current fiscal 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.