TIAA Trust National Association Decreases Holdings in Intel Co. (NASDAQ:INTC)

TIAA Trust National Association reduced its position in Intel Co. (NASDAQ:INTC) by 11.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 130,965 shares of the chip maker’s stock after selling 16,294 shares during the period. TIAA Trust National Association’s holdings in Intel were worth $2,626,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Modern Wealth Management LLC grew its stake in Intel by 53.1% during the 4th quarter. Modern Wealth Management LLC now owns 18,707 shares of the chip maker’s stock worth $370,000 after buying an additional 6,487 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of Intel during the fourth quarter worth about $34,000. Lynx Investment Advisory acquired a new position in shares of Intel during the fourth quarter valued at about $1,450,000. Angeles Investment Advisors LLC raised its position in shares of Intel by 21.3% in the 4th quarter. Angeles Investment Advisors LLC now owns 17,918 shares of the chip maker’s stock valued at $359,000 after purchasing an additional 3,143 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new stake in Intel in the 4th quarter worth approximately $2,702,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Intel Stock Performance

NASDAQ:INTC opened at $23.42 on Thursday. The company has a fifty day moving average of $22.22 and a two-hundred day moving average of $22.09. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $45.41. The stock has a market capitalization of $101.41 billion, a PE ratio of -5.35 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last issued its quarterly 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, research analysts forecast that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on INTC shares. UBS Group decreased their price target 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. Roth Mkm reduced their target price on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. JPMorgan Chase & Co. dropped their price target on Intel from $26.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, January 31st. Needham & Company LLC restated a “hold” rating on shares of Intel in a research note on Friday, January 31st. Finally, Mizuho dropped their target price on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 10th. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.04.

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.