Oppenheimer & Close LLC Sells 8,520 Shares of Intel Co. (NASDAQ:INTC)

Oppenheimer & Close LLC trimmed its position in shares of Intel Co. (NASDAQ:INTC) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,655 shares of the chip maker’s stock after selling 8,520 shares during the period. Intel accounts for approximately 1.7% of Oppenheimer & Close LLC’s investment portfolio, making the stock its 23rd biggest position. Oppenheimer & Close LLC’s holdings in Intel were worth $2,038,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quest Partners LLC increased its holdings in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new position in Intel during the fourth quarter worth $25,000. Synergy Investment Management LLC acquired a new position in Intel during the fourth quarter worth $27,000. BankPlus Trust Department acquired a new position in shares of Intel in the fourth quarter valued at $28,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of Intel in the fourth quarter valued at $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Stock Up 1.3 %

INTC stock opened at $24.26 on Friday. The stock has a market capitalization of $105.05 billion, a P/E ratio of -5.54 and a beta of 1.02. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Intel Co. has a 12 month low of $18.51 and a 12 month high of $45.41. The firm has a 50-day moving average price of $21.95 and a 200-day moving average price of $21.99.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. As a group, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Analyst Ratings Changes

INTC has been the topic of several research reports. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price objective on shares of Intel in a report on Thursday, January 30th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Roth Mkm decreased their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Benchmark reiterated a “hold” rating on shares of Intel in a report on Friday, January 31st. Finally, Truist Financial decreased their price objective on shares of Intel from $22.00 to $21.00 and set a “hold” rating on the stock in a report on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $27.04.

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.