Teacher Retirement System of Texas lifted its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 785.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,221 shares of the chip maker's stock after acquiring an additional 223,720 shares during the quarter. Teacher Retirement System of Texas' holdings in Intel were worth $5,057,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently added to or reduced their stakes in INTC. State Street Corp raised its holdings in shares of Intel by 2.8% during the 3rd quarter. State Street Corp now owns 197,958,739 shares of the chip maker's stock valued at $4,644,112,000 after buying an additional 5,417,753 shares during the period. Geode Capital Management LLC lifted its position in shares of Intel by 4.6% during the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Intel by 28.2% during the 3rd 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 worth $1,371,692,000 after buying an additional 12,865,308 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Intel by 7.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 33,938,760 shares of the chip maker's stock valued at $680,472,000 after buying an additional 2,248,342 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Intel by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 30,616,197 shares of the chip maker's stock valued at $613,855,000 after acquiring an additional 86,483 shares in the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.
Intel Price Performance
NASDAQ:INTC traded up $0.20 during mid-day trading on Thursday, reaching $23.62. 57,529,598 shares of the stock were exchanged, compared to its average volume of 72,110,749. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $102.27 billion, a PE ratio of -5.39 and a beta of 1.02. The business has a fifty day moving average price of $22.22 and a 200 day moving average price of $22.09.
Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) 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%. Research analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on INTC shares. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Roth Mkm decreased their price target on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Truist Financial cut their price objective on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Benchmark reiterated a "hold" rating on shares of Intel in a research report on Friday, January 31st. Finally, Hsbc Global Res upgraded Intel from a "moderate sell" rating to a "hold" rating 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's stock. According to data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus price target of $27.04.
Get Our Latest Stock Analysis on Intel
About Intel
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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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