TIAA Trust National Association Cuts Stock Holdings in Intel Co. (NASDAQ:INTC)

TIAA Trust National Association trimmed its holdings in shares of Intel Co. (NASDAQ:INTC - Free Report) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,965 shares of the chip maker's stock after selling 16,294 shares during the quarter. TIAA Trust National Association's holdings in Intel were worth $2,626,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased 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 during the period. Relyea Zuckerberg Hanson LLC raised its holdings in Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock valued at $579,000 after buying an additional 19,625 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after acquiring an additional 204,200 shares during the period. Empirical Asset Management LLC bought a new position in shares of Intel during the fourth quarter valued at about $276,000. Finally, InvesTrust purchased a new stake in shares of Intel during the fourth quarter worth about $3,696,000. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Down 3.9 %

Shares of INTC traded down $0.91 during mid-day trading on Friday, hitting $22.71. 58,184,763 shares of the company traded hands, compared to its average volume of 74,652,140. The company has a market capitalization of $98.33 billion, a PE ratio of -5.18 and a beta of 1.02. 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 business has a 50 day moving average of $22.33 and a 200 day moving average of $22.15. Intel Co. has a 1-year low of $18.51 and a 1-year high of $45.41.

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Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on INTC shares. Cantor Fitzgerald raised their target price on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut their price objective on Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research report on Friday, January 31st. HSBC raised Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, January 31st. Finally, Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $27.04.

Intel 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.