New York State Teachers Retirement System Trims Position in Intel Corporation $INTC

Key Points

• The New York State Teachers Retirement System reduced its stake in Intel Corporation by 0.6%, owning approximately 3.4 million shares worth $76.34 million at the end of the second quarter.
• Intel reported a quarterly earnings miss with an EPS of ($0.10), missing the expected $0.01, while revenue increased 0.5% year-over-year, totaling $12.86 billion.
• Currently, Intel has a consensus rating of "Reduce" with an average target price of $28.25, after a mix of ratings from various brokerages including multiple "sell" assessments.

New York State Teachers Retirement System lessened its holdings in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,407,988 shares of the chip maker's stock after selling 19,225 shares during the quarter. New York State Teachers Retirement System owned approximately 0.08% of Intel worth $76,339,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in INTC. Nuveen LLC purchased a new position in shares of Intel during the 1st quarter worth $538,430,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of Intel during the 2nd quarter worth $345,245,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Intel by 99.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,829,385 shares of the chip maker's stock worth $677,426,000 after purchasing an additional 14,901,457 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Intel by 133.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 18,758,658 shares of the chip maker's stock worth $426,009,000 after purchasing an additional 10,719,274 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Intel by 86.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 22,705,050 shares of the chip maker's stock worth $508,593,000 after purchasing an additional 10,523,590 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Trading Up 4.3%

NASDAQ:INTC opened at $37.15 on Thursday. The business's 50-day moving average is $28.16 and its two-hundred day moving average is $23.52. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $39.65. The firm has a market capitalization of $162.61 billion, a PE ratio of -7.79 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The company had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. During the same period last year, the business earned $0.02 earnings per share. The company's revenue for the quarter was up .5% compared to the same quarter last year. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on INTC. DZ Bank reissued a "sell" rating on shares of Intel in a research note on Friday, September 19th. Erste Group Bank raised Intel from a "sell" rating to a "hold" rating in a research report on Monday, September 22nd. JPMorgan Chase & Co. reaffirmed a "sell" rating and issued a $21.00 target price on shares of Intel in a research report on Friday, September 19th. Stifel Nicolaus increased their target price on Intel from $21.00 to $24.50 and gave the stock a "hold" rating in a research report on Monday, July 21st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and eight have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $28.25.

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.

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