Public Employees Retirement System of Ohio Sells 120,691 Shares of Intel Co. (NASDAQ:INTC)

Public Employees Retirement System of Ohio reduced its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,999,155 shares of the chip maker's stock after selling 120,691 shares during the period. Public Employees Retirement System of Ohio's holdings in Intel were worth $40,083,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in INTC. Norges Bank bought a new position in shares of Intel during the 4th quarter valued at $1,246,569,000. Two Sigma Advisers LP purchased a new stake in Intel during the fourth quarter valued at about $289,752,000. Two Sigma Investments LP bought a new position in shares of Intel during the fourth quarter valued at about $237,457,000. Toronto Dominion Bank increased its holdings in shares of Intel by 286.8% in the fourth quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after acquiring an additional 6,157,853 shares during the last quarter. Institutional investors own 64.53% of the company's stock.

Intel Price Performance

Shares of INTC stock traded down $0.06 during mid-day trading on Wednesday, hitting $20.50. The company had a trading volume of 18,814,260 shares, compared to its average volume of 80,708,566. 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 stock's 50 day moving average price is $20.92 and its 200-day moving average price is $21.51. Intel Co. has a 52-week low of $17.67 and a 52-week high of $37.16. The company has a market capitalization of $89.40 billion, a P/E ratio of -4.67 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to the consensus estimate of $12.26 billion. Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. The business's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. Equities research analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on INTC shares. Cfra Research upgraded shares of Intel to a "hold" rating in a report on Friday, April 25th. Sanford C. Bernstein decreased their price objective on shares of Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Barclays reissued a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $21.57.

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.