New York State Teachers Retirement System Has $70.97 Million Stake in Intel Co. (NASDAQ:INTC)

New York State Teachers Retirement System decreased its position in Intel Co. (NASDAQ:INTC) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,539,383 shares of the chip maker’s stock after selling 185,060 shares during the period. New York State Teachers Retirement System owned approximately 0.08% of Intel worth $70,965,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quest Partners LLC lifted its holdings in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after buying an additional 1,253 shares during the period. Finley Financial LLC acquired a new position in Intel in the fourth quarter valued at $25,000. Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter valued at $29,000. FSA Wealth Management LLC acquired a new position in Intel in the third quarter valued at $34,000. Finally, Capital Performance Advisors LLP acquired a new position in Intel in the third quarter valued at $36,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 7.3 %

Shares of INTC stock opened at $24.13 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $46.63. 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 company has a 50-day simple moving average of $20.21 and a two-hundred day simple moving average of $21.71.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, sell-side analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on INTC shares. UBS Group dropped their price objective on shares of Intel from $26.00 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 21st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Robert W. Baird upped their price objective on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Hsbc Global Res upgraded shares of Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Five research 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. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $26.60.

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.