New York State Common Retirement Fund Purchases 58,600 Shares of Intel Corporation (NASDAQ:INTC)

New York State Common Retirement Fund boosted its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 1.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,305,173 shares of the chip maker's stock after purchasing an additional 58,600 shares during the period. New York State Common Retirement Fund owned about 0.12% of Intel worth $120,480,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA bought a new position in shares of Intel in the first quarter worth about $30,000. Vermillion Wealth Management Inc. bought a new position in shares of Intel in the fourth quarter worth about $27,000. Mizuho Securities Co. Ltd. bought a new position in shares of Intel in the first quarter worth about $32,000. Olde Wealth Management LLC bought a new position in shares of Intel in the first quarter worth about $31,000. Finally, EQ Wealth Advisors LLC bought a new position in shares of Intel in the first quarter worth about $33,000. 64.53% of the stock is owned by institutional investors.

Intel Stock Down 1.6%

Shares of Intel stock traded down $0.39 on Friday, hitting $23.43. The company had a trading volume of 49,292,320 shares, compared to its average volume of 86,471,713. The firm has a market capitalization of $102.20 billion, a P/E ratio of -5.23 and a beta of 1.15. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. The stock has a 50-day moving average of $21.33 and a 200-day moving average of $21.31.

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

Analysts Set New Price Targets

INTC has been the subject of a number of research analyst reports. Morgan Stanley dropped their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Susquehanna dropped their target price on shares of Intel from $24.00 to $22.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Seaport Res Ptn raised shares of Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, April 25th. Finally, Mizuho lifted their price target on shares of Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, July 3rd. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and a consensus price target of $21.76.

About Intel

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.