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

Oppenheimer & Co. Inc. boosted its stake in Intel Corporation (NASDAQ:INTC - Free Report) by 24.3% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 281,113 shares of the chip maker's stock after buying an additional 54,907 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Intel were worth $6,384,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INTC. Synergy Investment Management LLC purchased a new position in shares of Intel during the fourth quarter valued at approximately $27,000. Vermillion Wealth Management Inc. purchased a new position in shares of Intel during the 4th quarter worth $27,000. BankPlus Trust Department purchased a new position in shares of Intel during the 4th quarter worth $28,000. Conquis Financial LLC purchased a new position in Intel during the fourth quarter worth about $32,000. Finally, Mizuho Securities Co. Ltd. purchased a new position in Intel during the first quarter worth about $32,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Stock Down 1.6%

Shares of INTC traded down $0.35 during mid-day trading on Wednesday, reaching $22.20. 64,778,732 shares of the stock traded hands, compared to its average volume of 84,918,846. The firm has a market cap of $96.84 billion, a price-to-earnings ratio of -4.96 and a beta of 1.12. The stock has a fifty day simple moving average of $20.66 and a 200 day simple moving average of $21.09. Intel Corporation has a 12-month low of $17.67 and a 12-month high of $37.16. The company has a quick ratio of 0.93, a current ratio of 1.31 and a debt-to-equity ratio of 0.42.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The business had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. The business's revenue was down .4% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. Sell-side analysts expect that Intel Corporation will post -0.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Intel in a report on Wednesday, May 21st. They set a "hold" rating and a $23.00 price objective on the stock. Mizuho cut their price objective on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Barclays reaffirmed a "reduce" rating on shares of Intel in a research note on Tuesday, April 22nd. Susquehanna cut their price target on shares of Intel from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 16th. Finally, Seaport Res Ptn raised Intel to a "strong sell" rating in a research report on Wednesday, April 30th. Six 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $21.57.

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.