Oppenheimer & Co. Inc. Has $8.14 Million Position in Intel Co. (NASDAQ:INTC)

Oppenheimer & Co. Inc. lessened its stake in shares of Intel Co. (NASDAQ:INTC) by 1.8% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 262,895 shares of the chip maker’s stock after selling 4,942 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Intel were worth $8,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Johnson Financial Group Inc. lifted its position in Intel by 4.5% during the fourth quarter. Johnson Financial Group Inc. now owns 5,730 shares of the chip maker’s stock worth $288,000 after acquiring an additional 247 shares during the last quarter. Enterprise Financial Services Corp increased its stake in shares of Intel by 2.2% during the fourth quarter. Enterprise Financial Services Corp now owns 11,461 shares of the chip maker’s stock worth $576,000 after purchasing an additional 251 shares during the period. Summit Financial Strategies Inc. lifted its holdings in Intel by 3.7% during the 4th quarter. Summit Financial Strategies Inc. now owns 7,385 shares of the chip maker’s stock worth $371,000 after purchasing an additional 265 shares during the last quarter. Cape Investment Advisory Inc. boosted its stake in Intel by 5.5% in the 4th quarter. Cape Investment Advisory Inc. now owns 5,185 shares of the chip maker’s stock valued at $261,000 after purchasing an additional 270 shares during the period. Finally, Copperwynd Financial LLC grew its holdings in Intel by 0.6% in the 4th quarter. Copperwynd Financial LLC now owns 45,432 shares of the chip maker’s stock valued at $2,283,000 after buying an additional 273 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America cut shares of Intel from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $35.00 to $23.00 in a research report on Friday, August 2nd. The Goldman Sachs Group decreased their target price on shares of Intel from $29.00 to $22.00 and set a “sell” rating on the stock in a research report on Friday, August 2nd. TD Cowen dropped their price target on shares of Intel from $35.00 to $25.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. StockNews.com downgraded Intel from a “hold” rating to a “sell” rating in a research report on Friday, August 9th. Finally, Wedbush lowered their price objective on Intel from $32.50 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $32.04.

Insider Buying and Selling

In other Intel news, CEO Patrick P. Gelsinger purchased 12,500 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was purchased at an average price of $20.16 per share, with a total value of $252,000.00. Following the completion of the purchase, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.

Intel Stock Up 1.5 %

Shares of NASDAQ:INTC opened at $19.66 on Friday. Intel Co. has a 52-week low of $18.51 and a 52-week high of $51.28. The company has a market capitalization of $84.07 billion, a PE ratio of 20.48 and a beta of 1.03. 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 company has a fifty day moving average of $24.98 and a 200-day moving average of $31.75.

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

Intel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Investors 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 yield of 2.54%. Intel’s dividend payout ratio is presently 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.