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

Oppenheimer & Co. Inc. lessened its stake in Intel Co. (NASDAQ:INTC) by 1.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 425,310 shares of the chip maker’s stock after selling 7,247 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Intel were worth $16,195,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. bought a new stake in Intel in the third quarter worth $119,000. Acrospire Investment Management LLC increased its position in Intel by 111.8% in the second quarter. Acrospire Investment Management LLC now owns 3,600 shares of the chip maker’s stock worth $121,000 after purchasing an additional 1,900 shares during the last quarter. JFS Wealth Advisors LLC increased its position in Intel by 47.1% in the third quarter. JFS Wealth Advisors LLC now owns 3,850 shares of the chip maker’s stock worth $147,000 after purchasing an additional 1,233 shares during the last quarter. Family Capital Trust Co increased its position in Intel by 350.0% in the third quarter. Family Capital Trust Co now owns 4,500 shares of the chip maker’s stock worth $171,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Winfield Associates Inc. increased its position in Intel by 6.0% in the second quarter. Winfield Associates Inc. now owns 4,651 shares of the chip maker’s stock worth $156,000 after purchasing an additional 265 shares during the last quarter. 67.43% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Venkata S. M. Renduchintala sold 1,502 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $44.58, for a total value of $66,959.16. Following the transaction, the insider now directly owns 1,536 shares in the company, valued at $68,474.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Navin Shenoy sold 1,311 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $47.12, for a total transaction of $61,774.32. Following the completion of the transaction, the executive vice president now owns 20,427 shares in the company, valued at $962,520.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 932,755 shares of company stock worth $41,387,752. Company insiders own 0.08% of the company’s stock.

Several brokerages recently weighed in on INTC. Vetr upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $47.74 price target on the stock in a research report on Monday, February 5th. Macquarie set a $55.00 price target on shares of Intel and gave the stock a “buy” rating in a research report on Tuesday. Citigroup began coverage on shares of Intel in a research report on Tuesday, January 30th. They issued a “buy” rating and a $58.00 price target on the stock. SunTrust Banks restated a “hold” rating and issued a $50.00 price target on shares of Intel in a research report on Friday, January 26th. Finally, Nomura restated a “buy” rating and issued a $50.00 price target on shares of Intel in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $49.10.

Intel Co. (NASDAQ INTC) opened at $43.95 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The company has a market cap of $211,460.00, a PE ratio of 22.20, a PEG ratio of 1.53 and a beta of 1.07. Intel Co. has a 1-year low of $33.23 and a 1-year high of $50.85.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 25th. The chip maker reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. The firm had revenue of $17.05 billion for the quarter, compared to analysts’ expectations of $16.34 billion. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. research analysts predict that Intel Co. will post 3.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Wednesday, February 7th will be issued a $0.30 dividend. The ex-dividend date is Tuesday, February 6th. This is a boost from Intel’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.73%. Intel’s dividend payout ratio is presently 60.61%.

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About Intel

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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Institutional Ownership by Quarter for Intel (NASDAQ:INTC)

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