Retirement Systems of Alabama Has $18.72 Million Stock Holdings in Intel Co. (NASDAQ:INTC)

Retirement Systems of Alabama reduced its stake in Intel Co. (NASDAQ:INTC) by 1.4% in the 4th quarter, HoldingsChannel reports. The firm owned 933,807 shares of the chip maker’s stock after selling 13,099 shares during the quarter. Retirement Systems of Alabama’s holdings in Intel were worth $18,723,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brookstone Capital Management boosted its holdings in Intel by 18.9% in the third quarter. Brookstone Capital Management now owns 52,075 shares of the chip maker’s stock worth $1,222,000 after acquiring an additional 8,282 shares in the last quarter. Sovereign Financial Group Inc. raised its position in shares of Intel by 19.3% during the third quarter. Sovereign Financial Group Inc. now owns 14,196 shares of the chip maker’s stock worth $333,000 after purchasing an additional 2,300 shares during the period. Sanibel Captiva Trust Company Inc. lifted its holdings in shares of Intel by 21.1% in the 3rd quarter. Sanibel Captiva Trust Company Inc. now owns 279,591 shares of the chip maker’s stock worth $6,559,000 after purchasing an additional 48,765 shares in the last quarter. Atlas Private Wealth Advisors acquired a new stake in Intel in the 3rd quarter valued at $222,000. Finally, Private Advisory Group LLC bought a new stake in Intel during the 3rd quarter valued at $8,045,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $19.38 on Friday. The business has a 50-day simple moving average of $20.50 and a two-hundred day simple moving average of $22.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market cap of $83.92 billion, a price-to-earnings ratio of -4.42, a price-to-earnings-growth ratio of 9.49 and a beta of 1.08. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $46.63.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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%. On average, analysts expect that Intel Co. will post 0.19 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on INTC shares. Citigroup reduced their price objective on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 21st. Stifel Nicolaus cut their price target on Intel from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Friday, January 31st. Roth Mkm lowered their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Finally, Robert W. Baird increased their price target on Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel has an average rating of “Hold” and a consensus price target of $26.60.

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.