Public Employees Retirement Association of Colorado Sells 14,312 Shares of Intel Co. (NASDAQ:INTC)

Public Employees Retirement Association of Colorado reduced its stake in Intel Co. (NASDAQ:INTC - Free Report) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 576,014 shares of the chip maker's stock after selling 14,312 shares during the period. Public Employees Retirement Association of Colorado's holdings in Intel were worth $11,549,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Relyea Zuckerberg Hanson LLC raised its holdings in Intel by 211.6% in 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. lifted its position in Intel by 4.4% in the third quarter. Principal Financial Group Inc. now owns 4,827,123 shares of the chip maker's stock valued at $113,244,000 after buying an additional 204,200 shares during the last quarter. Empirical Asset Management LLC acquired a new position in Intel in the fourth quarter valued at about $276,000. InvesTrust purchased a new stake in Intel during the fourth quarter worth about $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 worth $5,554,000 after purchasing an additional 30,000 shares during the period. 64.53% of the stock is currently owned by institutional investors.

Intel Stock Performance

Shares of Intel stock traded down $0.24 during trading hours on Wednesday, hitting $20.10. 67,694,791 shares of the company's stock traded hands, compared to its average volume of 79,555,536. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The stock has a market capitalization of $87.65 billion, a price-to-earnings ratio of -4.59 and a beta of 1.13. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a fifty day simple moving average of $21.70 and a 200-day simple moving average of $21.82.

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

Analysts Set New Price Targets

Several brokerages have commented on INTC. Wells Fargo & Company dropped 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 note on Friday, April 25th. Roth Mkm decreased their price target on Intel from $25.00 to $20.00 and set a "neutral" rating for the company in a report on Friday, January 31st. HSBC upgraded shares of Intel from a "reduce" rating to a "hold" rating in a research report on Tuesday, January 21st. Susquehanna lowered their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Finally, Mizuho lowered their price target on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.23.

About Intel

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.