Intel Co. (NASDAQ:INTC) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,835,358 shares of the chip maker's stock after selling 155,469 shares during the period. California State Teachers Retirement System owned 0.16% of Intel worth $137,049,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Evergreen Capital Management LLC grew its stake in shares of Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock valued at $840,000 after purchasing an additional 419 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Intel by 0.3% during the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after buying an additional 456 shares in the last quarter. CFM Wealth Partners LLC boosted its position 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 buying an additional 500 shares during the last quarter. Ausdal Financial Partners Inc. increased its stake in shares of Intel by 2.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker's stock valued at $501,000 after buying an additional 500 shares during the period. Finally, Wealth Quarterback LLC raised its position 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 last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on INTC shares. Roth Mkm lowered their target price 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. Wedbush dropped their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Sanford C. Bernstein reduced their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday. Finally, Rosenblatt Securities reduced their price objective on shares of Intel from $18.00 to $14.00 and set a "sell" rating on the stock in a research note on Friday. Six 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's stock. According to MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus price target of $22.23.

Intel Stock Down 6.7 %

Shares of NASDAQ INTC opened at $20.05 on Monday. The business has a 50-day moving average of $21.92 and a 200-day moving average of $21.85. The firm has a market capitalization of $87.43 billion, a price-to-earnings ratio of -4.58 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $17.67 and a 12 month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The firm had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. Sell-side analysts expect that Intel Co. will post -0.11 earnings per share 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.

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