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

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

Several other hedge funds also recently added to or reduced their stakes in the business. Freestone Grove Partners LP purchased a new position in Intel during the fourth quarter worth approximately $62,654,000. Clifford Swan Investment Counsel LLC increased its position in shares of Intel by 1.9% in the fourth quarter. Clifford Swan Investment Counsel LLC now owns 819,532 shares of the chip maker's stock valued at $16,432,000 after buying an additional 15,214 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Intel by 286.8% during the 4th quarter. Toronto Dominion Bank now owns 10,529,354 shares of the chip maker's stock worth $211,114,000 after buying an additional 7,806,882 shares during the period. 180 Wealth Advisors LLC lifted its position in shares of Intel by 124.9% during the 1st quarter. 180 Wealth Advisors LLC now owns 127,916 shares of the chip maker's stock valued at $2,905,000 after buying an additional 71,049 shares in the last quarter. Finally, Alteri Wealth LLC purchased a new position in shares of Intel during the 4th quarter valued at approximately $2,379,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Trading Up 0.8%

INTC stock traded up $0.19 during midday trading on Friday, hitting $22.69. 95,423,844 shares of the company's stock were exchanged, compared to its average volume of 85,090,107. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a current ratio of 1.31, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $98.97 billion, a PE ratio of -5.06 and a beta of 1.12. The business has a 50-day simple moving average of $20.73 and a two-hundred day simple moving average of $21.10.

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

Analyst Ratings Changes

A number of research firms have weighed in on INTC. JPMorgan Chase & Co. reduced their price objective on shares of Intel from $23.00 to $20.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Morgan Stanley cut their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Mizuho decreased their price target on shares of Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft initiated coverage on Intel in a report on Wednesday, May 21st. They issued a "hold" rating and a $23.00 price objective on the stock. Finally, Cantor Fitzgerald reduced their target price on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $21.57.

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.