Oppenheimer & Co. Inc. Sells 35,662 Shares of Intel Co. (NASDAQ:INTC)

Oppenheimer & Co. Inc. lowered its position in Intel Co. (NASDAQ:INTC) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 226,206 shares of the chip maker’s stock after selling 35,662 shares during the period. Oppenheimer & Co. Inc.’s holdings in Intel were worth $4,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC lifted its stake in Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after purchasing an additional 1,253 shares during the last quarter. Finley Financial LLC bought a new stake in Intel in the fourth quarter worth about $25,000. BankPlus Trust Department bought a new stake in Intel in the fourth quarter worth about $28,000. Keystone Financial Group Inc. bought a new stake in shares of Intel during the fourth quarter valued at approximately $29,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Intel during the third quarter valued at approximately $34,000. Institutional investors own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on INTC. UBS Group decreased their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Northland Securities decreased their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company decreased their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, January 31st. Rosenblatt Securities reaffirmed a “sell” rating and set a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Finally, Mizuho decreased their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Five analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $26.88.

Intel Price Performance

Shares of INTC opened at $23.74 on Friday. The firm has a market capitalization of $102.80 billion, a PE ratio of -5.42 and a beta of 1.08. The company’s fifty day moving average price is $21.21 and its 200-day moving average price is $21.78. Intel Co. has a 1-year low of $18.51 and a 1-year high of $46.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC) last posted its earnings results 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, equities research analysts predict that Intel Co. will post -0.11 EPS for the current year.

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.