Teacher Retirement System of Texas Has $18.86 Million Stock Holdings in Intel Corporation (NASDAQ:INTC)

Teacher Retirement System of Texas raised its holdings in Intel Corporation (NASDAQ:INTC - Free Report) by 229.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 830,668 shares of the chip maker's stock after acquiring an additional 578,447 shares during the quarter. Teacher Retirement System of Texas' holdings in Intel were worth $18,864,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA acquired a new position in Intel in the 1st quarter valued at $30,000. Vermillion Wealth Management Inc. bought a new stake in Intel during the fourth quarter valued at about $27,000. Mizuho Securities Co. Ltd. acquired a new stake in shares of Intel in the first quarter valued at about $32,000. EQ Wealth Advisors LLC acquired a new stake in shares of Intel in the first quarter valued at about $33,000. Finally, Conquis Financial LLC bought a new position in shares of Intel in the fourth quarter worth about $32,000. 64.53% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Wedbush decreased their target price on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. Cantor Fitzgerald decreased their price objective on Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Seaport Res Ptn upgraded Intel to a "strong sell" rating in a research note on Wednesday, April 30th. Bank of America raised Intel from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. Finally, Morgan Stanley lowered their price target 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. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $21.62.

Intel Price Performance

Shares of NASDAQ:INTC opened at $22.41 on Friday. The firm has a market capitalization of $97.73 billion, a PE ratio of -5.00 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average price of $21.04 and a two-hundred day moving average price of $21.18. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $12.26 billion. During the same period in the previous year, the company posted $0.18 EPS. The firm's revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts forecast that Intel Corporation will post -0.11 EPS for the current year.

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.

Want to see what other hedge funds are holding INTC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intel Corporation (NASDAQ:INTC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.