Teachers Retirement System of The State of Kentucky Grows Stock Holdings in Intel Corporation (NASDAQ:INTC)

Teachers Retirement System of The State of Kentucky raised its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 754,409 shares of the chip maker's stock after purchasing an additional 17,118 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Intel were worth $17,132,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vermillion Wealth Management Inc. acquired a new position in Intel during the fourth quarter valued at approximately $27,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Intel during the first quarter worth about $30,000. Olde Wealth Management LLC acquired a new position in shares of Intel during the first quarter worth about $31,000. Conquis Financial LLC acquired a new position in shares of Intel during the fourth quarter worth about $32,000. Finally, Mizuho Securities Co. Ltd. acquired a new position in shares of Intel during the first quarter worth about $32,000. Institutional investors own 64.53% of the company's stock.

Intel Stock Performance

NASDAQ INTC traded down $0.73 on Thursday, hitting $22.77. 58,884,666 shares of the stock traded hands, compared to its average volume of 92,353,195. The business's fifty day moving average is $21.64 and its two-hundred day moving average is $21.47. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $31.99. The firm has a market capitalization of $99.30 billion, a price-to-earnings ratio of -5.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.15% and a negative net margin of 36.19%. The company had revenue of $12.67 billion for the quarter, compared to the consensus estimate of $12.26 billion. During the same quarter last year, the business posted $0.18 earnings per share. The firm's revenue was down .4% compared to the same quarter last year. As a group, equities analysts anticipate that Intel Corporation will post -0.11 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on INTC. Rosenblatt Securities reduced their price target on Intel from $18.00 to $14.00 and set a "sell" rating for the company in a research report on Friday, April 25th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Sanford C. Bernstein lowered their target price on Intel from $25.00 to $21.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $22.25.

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.