Retirement Systems of Alabama Has $18.72 Million Stock Position in Intel Co. (NASDAQ:INTC)

Retirement Systems of Alabama cut its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 933,807 shares of the chip maker's stock after selling 13,099 shares during the period. Retirement Systems of Alabama's holdings in Intel were worth $18,723,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Guidance Capital Inc. grew its position in shares of Intel by 37.5% during the 4th quarter. Guidance Capital Inc. now owns 29,354 shares of the chip maker's stock worth $611,000 after purchasing an additional 8,010 shares in the last quarter. RFG Holdings Inc. boosted its stake in shares of Intel by 56.3% in the fourth quarter. RFG Holdings Inc. now owns 29,795 shares of the chip maker's stock valued at $598,000 after buying an additional 10,737 shares during the period. E. Ohman J or Asset Management AB grew its position in Intel by 13.1% during the fourth quarter. E. Ohman J or Asset Management AB now owns 193,220 shares of the chip maker's stock worth $3,874,000 after buying an additional 22,320 shares in the last quarter. Optas LLC increased its stake in Intel by 4.2% during the 4th quarter. Optas LLC now owns 24,852 shares of the chip maker's stock worth $498,000 after acquiring an additional 993 shares during the period. Finally, Rheos Capital Works Inc. lifted its position in shares of Intel by 12.1% during the 4th quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after acquiring an additional 30,000 shares during the period. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 1.4 %

Intel stock opened at $19.38 on Friday. The firm has a market cap of $83.92 billion, a price-to-earnings ratio of -4.42, a PEG ratio of 9.49 and a beta of 1.08. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a 50 day moving average price of $20.50 and a two-hundred day moving average price of $22.12.

Intel (NASDAQ:INTC - Get Free Report) last announced its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share 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%. Equities analysts predict that Intel Co. will post 0.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Mizuho dropped their price target on Intel from $23.00 to $21.00 and set a "neutral" rating for the company in a research note on Friday, January 10th. JPMorgan Chase & Co. dropped their target price on shares of Intel from $26.00 to $23.00 and set an "underweight" rating for the company in a research report on Friday, January 31st. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Barclays lowered their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel currently has a consensus rating of "Hold" and a consensus price target of $26.60.

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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