Intel Co. (NASDAQ:INTC) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its position in Intel Co. (NASDAQ:INTC) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Kovack Advisors Inc. raised its position in shares of Intel by 50.3% in the fourth quarter. Kovack Advisors Inc. now owns 76,185 shares of the chip maker’s stock worth $1,528,000 after acquiring an additional 25,511 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of Intel by 6.6% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 18,815 shares of the chip maker’s stock worth $377,000 after acquiring an additional 1,161 shares during the period. Mn Services Vermogensbeheer B.V. raised its position in shares of Intel by 3.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 1,673,600 shares of the chip maker’s stock worth $33,556,000 after acquiring an additional 53,000 shares during the period. New York Life Investment Management LLC raised its position in shares of Intel by 1.3% in the fourth quarter. New York Life Investment Management LLC now owns 669,836 shares of the chip maker’s stock worth $13,430,000 after acquiring an additional 8,412 shares during the period. Finally, Whipplewood Advisors LLC acquired a new position in shares of Intel in the fourth quarter worth about $64,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Performance

Intel stock opened at $23.74 on Friday. The firm has a 50 day simple moving average of $21.21 and a 200-day simple moving average of $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. The stock has a market cap of $102.80 billion, a price-to-earnings ratio of -5.42 and a beta of 1.08.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts expect that Intel Co. will post -0.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on INTC shares. Roth Mkm decreased their price objective on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Northland Securities reduced their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. UBS Group reduced their price target on shares of Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Wells Fargo & Company reduced 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 report on Friday, January 31st. Finally, Truist Financial reduced their price target on shares of Intel from $22.00 to $21.00 and set a “hold” rating for the company in a research report on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.88.

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.