Intel Corporation (NASDAQ:INTC) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its position in Intel Corporation (NASDAQ:INTC - Free Report) by 3.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,427,213 shares of the chip maker's stock after selling 112,170 shares during the quarter. New York State Teachers Retirement System owned about 0.08% of Intel worth $77,832,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Amalgamated Bank increased its position in Intel by 2.1% during the 1st quarter. Amalgamated Bank now owns 838,733 shares of the chip maker's stock valued at $19,048,000 after buying an additional 17,648 shares in the last quarter. Avidian Wealth Enterprises LLC acquired a new position in shares of Intel during the first quarter valued at about $247,000. Stonebridge Financial Group LLC raised its position in shares of Intel by 210.9% in the 1st quarter. Stonebridge Financial Group LLC now owns 15,395 shares of the chip maker's stock valued at $350,000 after purchasing an additional 10,444 shares during the last quarter. KBC Group NV raised its position in shares of Intel by 24.8% in the 1st quarter. KBC Group NV now owns 1,454,810 shares of the chip maker's stock valued at $33,039,000 after purchasing an additional 288,649 shares during the last quarter. Finally, Cohen Investment Advisors LLC acquired a new stake in Intel in the 1st quarter worth approximately $239,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Price Performance

NASDAQ INTC traded up $0.53 during trading hours on Thursday, reaching $22.41. The company's stock had a trading volume of 61,175,951 shares, compared to its average volume of 85,962,527. The firm has a market capitalization of $97.73 billion, a price-to-earnings ratio of -5.00 and a beta of 1.15. The company's 50-day moving average is $20.97 and its two-hundred day moving average is $21.16. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.93. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.12. The firm 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 36.19% and a negative return on equity of 3.15%. The company's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS. On average, equities analysts predict that Intel Corporation will post -0.11 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on INTC shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a report on Friday, April 25th. Morgan Stanley dropped their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Citigroup restated a "sell" rating on shares of Intel in a research note on Friday, April 25th. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Wedbush reduced their price objective on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 23rd. Six investment analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $21.62.

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.