California State Teachers Retirement System Has $137.05 Million Position in Intel Co. (NASDAQ:INTC)

California State Teachers Retirement System trimmed its stake in shares of Intel Co. (NASDAQ:INTC - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 about 0.16% of Intel worth $137,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in INTC. Finley Financial LLC bought a new stake in Intel during the fourth quarter worth approximately $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the 4th quarter valued at $27,000. BankPlus Trust Department bought a new stake in shares of Intel during the 4th quarter worth $28,000. Keystone Financial Group Inc. acquired a new position in shares of Intel in the 4th quarter worth $29,000. Finally, West Financial Advisors LLC acquired a new stake in shares of Intel during the fourth quarter worth $31,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

NASDAQ INTC traded down $0.24 during midday trading on Wednesday, hitting $20.10. The company had a trading volume of 67,694,791 shares, compared to its average volume of 79,555,536. The firm has a fifty day simple moving average of $21.70 and a two-hundred day simple moving average of $21.82. Intel Co. has a fifty-two week low of $17.67 and a fifty-two week high of $37.16. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The stock has a market cap of $87.65 billion, a price-to-earnings ratio of -4.59 and a beta of 1.13.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating the consensus estimate of $0.01 by $0.12. The firm had revenue of $12.67 billion during the quarter, compared to analysts' expectations of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. 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 posted $0.18 EPS. Equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on INTC shares. Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their target price on shares of Intel from $23.00 to $20.00 and set an "underweight" rating on the stock in a research report on Friday, April 25th. Cantor Fitzgerald lowered their price objective on shares of Intel from $29.00 to $20.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Stifel Nicolaus decreased their target price on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research report on Friday, January 31st. Finally, Wedbush lowered their price target on Intel from $20.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, April 23rd. Five analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $22.23.

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.