Teachers Retirement System of The State of Kentucky Has $18.41 Million Holdings in Intel Co. (NASDAQ:INTC)

Teachers Retirement System of The State of Kentucky grew its stake in Intel Co. (NASDAQ:INTC) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 594,294 shares of the chip maker’s stock after acquiring an additional 32,913 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Intel were worth $18,405,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Adirondack Trust Co. increased its holdings in shares of Intel by 0.5% in the first quarter. Adirondack Trust Co. now owns 51,783 shares of the chip maker’s stock valued at $2,287,000 after purchasing an additional 278 shares during the period. Abacus Wealth Partners LLC increased its stake in shares of Intel by 6.7% in the first quarter. Abacus Wealth Partners LLC now owns 4,542 shares of the chip maker’s stock worth $201,000 after acquiring an additional 286 shares during the period. First Affirmative Financial Network raised its holdings in shares of Intel by 1.8% during the first quarter. First Affirmative Financial Network now owns 16,608 shares of the chip maker’s stock worth $734,000 after purchasing an additional 299 shares during the last quarter. VERITY Wealth Advisors lifted its position in Intel by 3.8% during the first quarter. VERITY Wealth Advisors now owns 8,448 shares of the chip maker’s stock valued at $373,000 after purchasing an additional 312 shares during the period. Finally, Mechanics Bank Trust Department boosted its holdings in Intel by 0.8% in the first quarter. Mechanics Bank Trust Department now owns 38,540 shares of the chip maker’s stock valued at $1,702,000 after purchasing an additional 320 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the stock in a transaction on Monday, August 5th. The shares were bought at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at approximately $765,576. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on INTC. Truist Financial lowered their price objective on Intel from $33.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, August 2nd. Benchmark restated a “hold” rating on shares of Intel in a research report on Monday, September 23rd. TD Cowen raised Intel to a “hold” rating in a research note on Monday, September 16th. Wedbush decreased their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Susquehanna lowered their target price on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Intel presently has an average rating of “Hold” and an average price target of $32.04.

Intel Trading Down 3.3 %

NASDAQ INTC opened at $22.69 on Wednesday. The firm’s fifty day moving average is $22.18 and its two-hundred day moving average is $29.77. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.24 and a current ratio of 1.59. The firm has a market cap of $96.59 billion, a PE ratio of 23.64 and a beta of 1.03. Intel Co. has a one year low of $18.51 and a one year high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, August 1st. The chip maker reported $0.02 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.08). The firm had revenue of $12.80 billion during the quarter, compared to analyst estimates of $12.92 billion. Intel had a return on equity of 1.78% and a net margin of 1.77%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. Analysts expect that Intel Co. will post -0.47 earnings per share for the current year.

Intel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.20%. Intel’s payout ratio is currently 52.08%.

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.