Louisiana State Employees Retirement System Sells 19,500 Shares of Intel Co. (NASDAQ:INTC)

Louisiana State Employees Retirement System decreased its holdings in Intel Co. (NASDAQ:INTC) by 3.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 hedge funds have also added to or reduced their stakes in INTC. Stonebridge Financial Group LLC purchased a new stake in Intel in the 4th quarter valued at $99,000. Mill Creek Capital Advisors LLC grew its stake in shares of Intel by 6.5% in the 4th quarter. Mill Creek Capital Advisors LLC now owns 12,666 shares of the chip maker’s stock worth $254,000 after acquiring an additional 774 shares in the last quarter. Bristlecone Advisors LLC grew its stake in shares of Intel by 14.4% in the 4th quarter. Bristlecone Advisors LLC now owns 116,851 shares of the chip maker’s stock worth $2,343,000 after acquiring an additional 14,699 shares in the last quarter. Soltis Investment Advisors LLC raised its holdings in shares of Intel by 5.3% in the fourth quarter. Soltis Investment Advisors LLC now owns 50,309 shares of the chip maker’s stock valued at $1,009,000 after purchasing an additional 2,518 shares during the last quarter. Finally, Silicon Valley Capital Partners lifted its position in shares of Intel by 1,997.2% during the fourth quarter. Silicon Valley Capital Partners now owns 10,339 shares of the chip maker’s stock valued at $207,000 after purchasing an additional 9,846 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on INTC. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Citigroup reduced their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Stifel Nicolaus dropped their price target on Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Northland Securities reduced their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Hsbc Global Res upgraded Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Trading Up 6.1 %

Shares of Intel stock opened at $20.97 on Wednesday. The company’s 50-day moving average price is $20.23 and its 200-day moving average price is $21.78. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market cap of $90.80 billion, a price-to-earnings ratio of -4.79 and a beta of 1.08. Intel Co. has a 12-month low of $18.51 and a 12-month high of $46.63.

Intel (NASDAQ:INTC) last posted its 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%. On average, equities analysts expect that Intel Co. will post -0.11 earnings per share for the current fiscal 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.