Public Employees Retirement Association of Colorado Decreases Stock Holdings in Intel Co. (NASDAQ:INTC)

Public Employees Retirement Association of Colorado lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 576,014 shares of the chip maker's stock after selling 14,312 shares during the quarter. Public Employees Retirement Association of Colorado's holdings in Intel were worth $11,549,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INTC. Relyea Zuckerberg Hanson LLC lifted its stake in Intel by 211.6% during the fourth quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after purchasing an additional 19,625 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Intel by 4.4% in the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new stake in Intel during the 4th quarter worth $276,000. InvesTrust acquired a new position in Intel in the fourth quarter valued at $3,696,000. Finally, Rheos Capital Works Inc. grew its holdings in shares of Intel by 12.1% during the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock worth $5,554,000 after purchasing an additional 30,000 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of NASDAQ:INTC opened at $20.05 on Monday. 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 debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The business's 50 day simple moving average is $21.92 and its 200-day simple moving average is $21.85. 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 posted its 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. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. During the same period in the previous year, the business earned $0.18 earnings per share. As a group, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research analyst reports. UBS Group dropped their price target on Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday. Hsbc Global Res upgraded shares of Intel from a "moderate sell" rating to a "hold" rating in a research report on Tuesday, January 21st. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday. Wedbush lowered their price objective on shares of Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Finally, Benchmark reaffirmed a "hold" rating on shares of Intel in a report on Friday. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $22.23.

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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