Oppenheimer & Co. Inc. Sells 1,027 Shares of Intel Co. (NASDAQ:INTC)

Oppenheimer & Co. Inc. lowered its position in shares of Intel Co. (NASDAQ:INTC) by 0.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 261,868 shares of the chip maker’s stock after selling 1,027 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Intel were worth $6,143,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Guardian Capital Advisors LP increased its stake in Intel by 2.1% during the first quarter. Guardian Capital Advisors LP now owns 16,030 shares of the chip maker’s stock worth $708,000 after acquiring an additional 328 shares during the last quarter. Key Financial Inc boosted its position in shares of Intel by 4.1% during the 2nd quarter. Key Financial Inc now owns 8,685 shares of the chip maker’s stock worth $269,000 after purchasing an additional 340 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in Intel by 1.4% in the 2nd quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 24,779 shares of the chip maker’s stock valued at $767,000 after purchasing an additional 348 shares during the last quarter. Cypress Asset Management Inc. TX raised its position in Intel by 1.6% in the first quarter. Cypress Asset Management Inc. TX now owns 22,835 shares of the chip maker’s stock valued at $1,015,000 after purchasing an additional 350 shares during the period. Finally, Cidel Asset Management Inc. lifted its stake in Intel by 0.6% during the second quarter. Cidel Asset Management Inc. now owns 64,589 shares of the chip maker’s stock worth $2,000,000 after purchasing an additional 381 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

Intel Stock Performance

Shares of INTC stock opened at $25.03 on Friday. The stock’s 50-day moving average is $22.47 and its two-hundred day moving average is $26.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel Co. has a 1 year low of $18.51 and a 1 year high of $51.28. The firm has a market cap of $107.95 billion, a price-to-earnings ratio of -6.73 and a beta of 1.03.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter in the prior year, the business earned $0.28 EPS. The company’s quarterly revenue was down 6.3% compared to the same quarter last year. Analysts predict that Intel Co. will post -0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays dropped their price objective on Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a research note on Friday, August 2nd. TD Cowen raised Intel to a “hold” rating in a research report on Monday, September 16th. Wedbush reduced their price target on shares of Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Roth Mkm lowered their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $30.12.

About Intel

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.