TIAA Trust National Association Has $2.67 Million Stake in Intel Corporation (NASDAQ:INTC)

Key Points

• TIAA Trust National Association has reduced its stake in Intel Corporation by 10.3%, holding 117,451 shares valued at approximately $2.67 million as of the latest SEC filing.
• Despite a recent trading gain of 1.0%, Intel's stock is valued at $19.50, significantly lower than its year high of $27.55, and the company reported a loss of ($0.10) earnings per share in its most recent quarter.
• Major institutional investors, including UBS AM and Northern Trust Corp, have increased their stakes in Intel, with institutional ownership totaling 64.53% of the company's stock.

TIAA Trust National Association cut its stake in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 10.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 117,451 shares of the chip maker's stock after selling 13,514 shares during the period. TIAA Trust National Association's holdings in Intel were worth $2,667,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of INTC. Cornerstone Advisory LLC raised its position in shares of Intel by 4.3% during the fourth quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker's stock worth $198,000 after acquiring an additional 409 shares during the last quarter. Evergreen Capital Management LLC raised its position in shares of Intel by 1.0% during the fourth quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker's stock worth $840,000 after acquiring an additional 419 shares during the last quarter. Federated Hermes Inc. raised its position in shares of Intel by 0.3% during the fourth quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker's stock worth $3,263,000 after acquiring an additional 456 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of Intel by 1.1% during the first quarter. Verdence Capital Advisors LLC now owns 45,682 shares of the chip maker's stock worth $1,037,000 after acquiring an additional 486 shares during the last quarter. Finally, one8zero8 LLC raised its position in shares of Intel by 4.2% during the first quarter. one8zero8 LLC now owns 12,320 shares of the chip maker's stock worth $280,000 after acquiring an additional 500 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Price Performance

Shares of INTC stock traded up $0.69 during trading hours on Tuesday, reaching $20.19. The company's stock had a trading volume of 96,935,951 shares, compared to its average volume of 81,943,752. The firm's 50 day simple moving average is $21.57 and its 200-day simple moving average is $21.52. The company has a market capitalization of $88.37 billion, a price-to-earnings ratio of -4.23 and a beta of 1.22. Intel Corporation has a fifty-two week low of $17.67 and a fifty-two week high of $27.55. The company has a quick ratio of 0.92, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share 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 firm had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. During the same period last year, the business earned $0.02 EPS. The company's revenue was up .5% compared to the same quarter last year. Sell-side analysts forecast that Intel Corporation will post -0.11 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on INTC. Wells Fargo & Company dropped their price objective on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Friday, July 25th. UBS Group upped their price objective on Intel from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research note on Friday, July 25th. Finally, Wedbush decreased their target price 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 analysts have rated the stock with a sell rating, twenty-four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $22.17.

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.