Arizona State Retirement System Purchases 14,349 Shares of Intel Co. (NASDAQ:INTC)

Arizona State Retirement System increased its holdings in Intel Co. (NASDAQ:INTC) by 1.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,234,362 shares of the chip maker’s stock after acquiring an additional 14,349 shares during the quarter. Arizona State Retirement System’s holdings in Intel were worth $24,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Finley Financial LLC purchased a new stake in shares of Intel during the 4th quarter valued at about $25,000. Synergy Investment Management LLC bought a new position in shares of Intel during the 4th quarter valued at approximately $27,000. BankPlus Trust Department bought a new position in shares of Intel during the 4th quarter valued at approximately $28,000. Keystone Financial Group Inc. bought a new stake in Intel in the fourth quarter worth $29,000. Finally, Quest Partners LLC lifted its position in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

INTC has been the subject of several research analyst reports. Barclays decreased their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, January 31st. Roth Mkm decreased their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, January 31st. UBS Group cut their price objective on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Finally, Mizuho dropped their price target on Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Friday, January 10th. Five research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.88.

Intel Price Performance

Shares of NASDAQ:INTC opened at $20.81 on Thursday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $46.63. The company has a market cap of $90.11 billion, a P/E ratio of -4.75 and a beta of 1.02. 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 business has a fifty day simple moving average of $21.28 and a 200-day simple moving average of $21.82.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Equities research analysts forecast that Intel Co. will post -0.11 EPS for the current year.

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.