New York State Teachers Retirement System Has $311.62 Million Stake in Intel Co. (NASDAQ:INTC)

New York State Teachers Retirement System trimmed its position in Intel Co. (NASDAQ:INTC) by 1.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,183,347 shares of the chip maker’s stock after selling 148,820 shares during the quarter. Intel makes up 0.8% of New York State Teachers Retirement System’s investment portfolio, making the stock its 24th largest position. New York State Teachers Retirement System owned approximately 0.17% of Intel worth $311,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in INTC. Jackson Grant Investment Advisers Inc. raised its stake in Intel by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 7,785 shares of the chip maker’s stock worth $263,000 after acquiring an additional 29 shares in the last quarter. Conservest Capital Advisors Inc. raised its stake in Intel by 0.6% during the 2nd quarter. Conservest Capital Advisors Inc. now owns 8,953 shares of the chip maker’s stock worth $302,000 after acquiring an additional 51 shares in the last quarter. Paradigm Financial Advisors LLC raised its stake in Intel by 0.3% during the 2nd quarter. Paradigm Financial Advisors LLC now owns 26,264 shares of the chip maker’s stock worth $886,000 after acquiring an additional 67 shares in the last quarter. Bank of Stockton raised its stake in Intel by 0.4% during the 2nd quarter. Bank of Stockton now owns 16,321 shares of the chip maker’s stock worth $550,000 after acquiring an additional 72 shares in the last quarter. Finally, Marathon Capital Management raised its stake in Intel by 0.7% during the 2nd quarter. Marathon Capital Management now owns 10,986 shares of the chip maker’s stock worth $371,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 67.56% of the company’s stock.

In related news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $46.73, for a total transaction of $66,543.52. Following the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $71,777.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,487,054 shares of company stock worth $65,800,132. 0.08% of the stock is owned by insiders.

Several brokerages recently commented on INTC. Sanford C. Bernstein set a $34.00 price target on shares of Intel and gave the stock a “sell” rating in a research note on Wednesday, January 10th. Wells Fargo & Co reiterated an “outperform” rating and set a $50.00 price target (up from $45.00) on shares of Intel in a research note on Friday, October 27th. SunTrust Banks reiterated a “hold” rating and set a $43.00 price target (up from $39.00) on shares of Intel in a research note on Friday, October 27th. Royal Bank of Canada set a $44.00 price target on shares of Intel and gave the stock a “neutral” rating in a research note on Thursday, January 4th. Finally, B. Riley restated a “buy” rating and issued a $53.00 price objective on shares of Intel in a research note on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $44.78.

Shares of Intel Co. (INTC) traded down $0.17 during trading hours on Monday, hitting $43.24. The stock has a market cap of $202,360.00, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.56 and a beta of 1.06. The company has a quick ratio of 1.27, a current ratio of 1.60 and a debt-to-equity ratio of 0.39. Intel Co. has a 1 year low of $33.23 and a 1 year high of $47.64.

Intel (NASDAQ:INTC) last issued its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. equities research analysts expect that Intel Co. will post 3.25 EPS for the current fiscal year.

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About Intel

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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