Oppenheimer Asset Management Inc. Reduces Holdings in Intel Co. (NASDAQ:INTC)

Oppenheimer Asset Management Inc. cut its stake in Intel Co. (NASDAQ:INTC) by 18.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 145,995 shares of the chip maker’s stock after selling 33,926 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Intel were worth $2,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of INTC. Dunhill Financial LLC increased its position in shares of Intel by 22.6% during the third quarter. Dunhill Financial LLC now owns 2,380 shares of the chip maker’s stock worth $56,000 after purchasing an additional 438 shares in the last quarter. Beaton Management Co. Inc. increased its position in Intel by 2.2% during the third quarter. Beaton Management Co. Inc. now owns 23,208 shares of the chip maker’s stock worth $544,000 after buying an additional 500 shares during the period. CFM Wealth Partners LLC lifted its stake in Intel by 4.0% in the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after buying an additional 500 shares during the last quarter. Wealth Quarterback LLC boosted its holdings in shares of Intel by 2.0% in the fourth quarter. Wealth Quarterback LLC now owns 25,458 shares of the chip maker’s stock valued at $510,000 after acquiring an additional 508 shares during the period. Finally, Missouri Trust & Investment Co grew its position in shares of Intel by 3.6% during the fourth quarter. Missouri Trust & Investment Co now owns 15,650 shares of the chip maker’s stock worth $314,000 after acquiring an additional 550 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Stock Up 2.8 %

INTC opened at $23.74 on Friday. Intel Co. has a one year low of $18.51 and a one year high of $46.63. The company has a market cap of $102.80 billion, a price-to-earnings ratio of -5.42 and a beta of 1.08. The business’s fifty day moving average is $21.21 and its two-hundred day moving average is $21.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last issued its quarterly earnings data 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 net margin of 35.32% and a negative return on equity of 3.27%. Analysts anticipate that Intel Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on INTC shares. Citigroup reduced their price target on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Cantor Fitzgerald upped their target price on shares of Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Barclays lowered their price target on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Roth Mkm reduced their price objective on Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Finally, Bank of America reiterated an “underperform” rating and issued a $21.00 target price on shares of Intel in a research note on Tuesday, December 3rd. Five equities research analysts have rated the stock with a sell rating, twenty-seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $26.88.

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.