TIAA Trust National Association Sells 16,294 Shares of Intel Co. (NASDAQ:INTC)

TIAA Trust National Association reduced its stake in Intel Co. (NASDAQ:INTC) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in shares of Intel by 264.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker’s stock worth $393,323,000 after buying an additional 14,227,458 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker’s stock worth $1,371,692,000 after acquiring an additional 12,865,308 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of Intel by 224.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 10,413,544 shares of the chip maker’s stock worth $244,302,000 after acquiring an additional 7,207,785 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Intel by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker’s stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Intel by 2.8% in the third quarter. State Street Corp now owns 197,958,739 shares of the chip maker’s stock valued at $4,644,112,000 after purchasing an additional 5,417,753 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 3.2 %

Shares of Intel stock opened at $23.42 on Thursday. 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 stock has a market cap of $101.41 billion, a price-to-earnings ratio of -5.35 and a beta of 1.02. The firm’s 50-day moving average is $22.22 and its two-hundred day moving average is $22.09. Intel Co. has a 1 year low of $18.51 and a 1 year high of $45.41.

Intel (NASDAQ:INTC) last released its quarterly earnings data 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 expect that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on INTC shares. Stifel Nicolaus lowered their price objective on shares of Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Bank of America upgraded Intel from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $19.00 to $25.00 in a research report on Thursday, March 13th. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. UBS Group dropped their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Finally, Benchmark restated a “hold” rating on shares of Intel in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $27.04.

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.