Intel Co. (NASDAQ:INTC) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System raised its stake in Intel Co. (NASDAQ:INTC) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,234,362 shares of the chip maker’s stock after buying an additional 14,349 shares during the quarter. Arizona State Retirement System’s holdings in Intel were worth $24,749,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quest Partners LLC increased its stake 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 purchasing an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new stake in shares of Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new stake in Intel in the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in Intel in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the subject of a number of research analyst reports. Roth Mkm dropped their price target on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a report on Tuesday, January 21st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. HSBC raised Intel from a “reduce” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Cantor Fitzgerald boosted their price target on Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 18th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.88.

Intel Trading Down 2.4 %

INTC opened at $20.81 on Thursday. The firm has a market capitalization of $90.11 billion, a price-to-earnings ratio of -4.75 and a beta of 1.02. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63. 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 company’s 50 day moving average price is $21.28 and its two-hundred day moving average price is $21.82.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) 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, 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.