Louisiana State Employees Retirement System Cuts Stake in Intel Co. (NASDAQ:INTC)

Louisiana State Employees Retirement System cut its stake in shares of Intel Co. (NASDAQ:INTC) by 3.4% in the 4th quarter, HoldingsChannel reports. The fund owned 546,900 shares of the chip maker’s stock after selling 19,500 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Intel were worth $10,965,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Dunhill Financial LLC lifted its stake in shares of Intel by 22.6% in the 3rd quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after purchasing an additional 438 shares during the last quarter. Beaton Management Co. Inc. lifted its position in Intel by 2.2% in the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after buying an additional 500 shares during the last quarter. CFM Wealth Partners LLC lifted its position in Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after buying an additional 500 shares during the last quarter. Missouri Trust & Investment Co boosted its stake in Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after buying an additional 550 shares during the period. Finally, First Financial Bankshares Inc increased its position in Intel by 2.7% during the third quarter. First Financial Bankshares Inc now owns 20,891 shares of the chip maker’s stock valued at $490,000 after acquiring an additional 557 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Up 6.1 %

Shares of NASDAQ INTC opened at $20.97 on Wednesday. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The business has a fifty day moving average price of $20.23 and a 200 day moving average price of $21.78. The stock has a market capitalization of $90.80 billion, a P/E ratio of -4.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

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 net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts expect that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

INTC has been the subject of several analyst reports. UBS Group lowered their target price on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Citigroup dropped their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Robert W. Baird increased their price target on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Hsbc Global Res raised Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Barclays cut their price objective on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Five investment 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 MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus 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.