Maryland State Retirement & Pension System Sells 15,735 Shares of Intel Co. (NASDAQ:INTC)

Maryland State Retirement & Pension System lowered its position in shares of Intel Co. (NASDAQ:INTC) by 6.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 228,216 shares of the chip maker’s stock after selling 15,735 shares during the period. Maryland State Retirement & Pension System’s holdings in Intel were worth $4,576,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Dunhill Financial LLC lifted its stake in shares of Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock valued at $56,000 after buying an additional 438 shares during the period. CFM Wealth Partners LLC lifted its stake in shares of Intel by 4.0% during the 4th quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock worth $263,000 after purchasing an additional 500 shares during the period. Wealth Quarterback LLC lifted its stake in shares of Intel by 2.0% during the 4th quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock worth $510,000 after purchasing an additional 508 shares during the period. Missouri Trust & Investment Co boosted its holdings in shares of 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 purchasing an additional 550 shares during the last quarter. Finally, Riverview Trust Co increased its stake in Intel by 2.0% in the fourth quarter. Riverview Trust Co now owns 28,567 shares of the chip maker’s stock valued at $573,000 after purchasing an additional 565 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on INTC. Roth Mkm dropped their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Truist Financial cut their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Hsbc Global Res raised shares of Intel from a “moderate sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Barclays cut their target price 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. Finally, HSBC raised Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Four research 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.04.

Intel Stock Down 6.9 %

Intel stock opened at $24.12 on Thursday. The firm’s 50 day moving average price is $21.77 and its two-hundred day moving average price is $21.95. The firm has a market cap of $104.44 billion, a PE ratio of -5.51 and a beta of 1.02. Intel Co. has a twelve month low of $18.51 and a twelve month high of $45.41. 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 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%. On average, research analysts predict that Intel Co. will post -0.11 EPS for the current fiscal year.

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.