California State Teachers Retirement System Sells 155,469 Shares of Intel Co. (NASDAQ:INTC)

California State Teachers Retirement System reduced its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,835,358 shares of the chip maker's stock after selling 155,469 shares during the quarter. California State Teachers Retirement System owned approximately 0.16% of Intel worth $137,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of INTC. Relyea Zuckerberg Hanson LLC grew its holdings in shares of Intel by 211.6% during the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 28,898 shares of the chip maker's stock worth $579,000 after purchasing an additional 19,625 shares during the period. Principal Financial Group Inc. grew its holdings in Intel by 4.4% during the 3rd quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock worth $113,244,000 after acquiring an additional 204,200 shares in the last quarter. Empirical Asset Management LLC acquired a new position in Intel in the fourth quarter worth about $276,000. InvesTrust bought a new stake in shares of Intel in the 4th quarter valued at approximately $3,696,000. Finally, Rheos Capital Works Inc. increased its stake in Intel by 12.1% during the fourth quarter. Rheos Capital Works Inc. now owns 277,000 shares of the chip maker's stock valued at $5,554,000 after purchasing an additional 30,000 shares during the last quarter. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Citigroup reiterated a "sell" rating on shares of Intel in a research report on Friday, April 25th. Sanford C. Bernstein reduced their price target on shares of Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research note on Tuesday, April 22nd. Benchmark reaffirmed a "hold" rating on shares of Intel in a research note on Friday, April 25th. Wells Fargo & Company decreased their price target on shares of Intel from $25.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Finally, Truist Financial dropped their price target on Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Six analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $22.23.

Intel Stock Performance

Shares of Intel stock traded up $0.68 during trading on Friday, reaching $20.66. The company's stock had a trading volume of 38,910,871 shares, compared to its average volume of 102,671,258. The business's fifty day moving average price is $21.52 and its 200-day moving average price is $21.79. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The firm has a market cap of $90.07 billion, a price-to-earnings ratio of -4.71 and a beta of 1.13. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The company had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. During the same period in the prior year, the business earned $0.18 earnings per share. Intel's revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

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.