Oppenheimer & Co. Inc. Has $15.83 Million Position in Intel Corporation (INTC)
Oppenheimer & Co. Inc. cut its stake in shares of Intel Corporation (NASDAQ:INTC) by 11.6% during the first quarter, Holdings Channel reports. The fund owned 438,873 shares of the chip maker’s stock after selling 57,455 shares during the period. Oppenheimer & Co. Inc.’s holdings in Intel Corporation were worth $15,830,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in INTC. Orrstown Financial Services Inc. boosted its position in Intel Corporation by 96.6% in the first quarter. Orrstown Financial Services Inc. now owns 3,725 shares of the chip maker’s stock worth $134,000 after buying an additional 1,830 shares during the last quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. boosted its position in Intel Corporation by 53.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 4,040 shares of the chip maker’s stock worth $146,000 after buying an additional 1,400 shares during the last quarter. Vigilant Capital Management LLC boosted its position in Intel Corporation by 22.6% in the first quarter. Vigilant Capital Management LLC now owns 4,373 shares of the chip maker’s stock worth $158,000 after buying an additional 805 shares during the last quarter. Security Asset Management acquired a new position in Intel Corporation during the fourth quarter worth approximately $162,000. Finally, ARP Americas LLC acquired a new position in Intel Corporation during the first quarter worth approximately $202,000. Institutional investors own 67.50% of the company’s stock.
Shares of Intel Corporation (NASDAQ INTC) traded down 0.16% on Thursday, reaching $36.53. 5,216,152 shares of the company’s stock traded hands. Intel Corporation has a 52-week low of $33.23 and a 52-week high of $38.45. The stock has a market cap of $171.65 billion, a price-to-earnings ratio of 13.94 and a beta of 1.01. The firm’s 50-day moving average is $34.75 and its 200-day moving average is $35.72.
Intel Corporation (NASDAQ:INTC) last announced its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.04. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The business had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. During the same period in the prior year, the company earned $0.59 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. Analysts anticipate that Intel Corporation will post $3.01 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 7th will be issued a dividend of $0.2725 per share. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a yield of 2.98%. Intel Corporation’s dividend payout ratio is currently 41.76%.
A number of equities analysts recently commented on INTC shares. Zacks Investment Research cut Intel Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. BidaskClub upgraded Intel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Credit Suisse Group set a $35.00 price target on Intel Corporation and gave the stock a “hold” rating in a report on Saturday, July 29th. Macquarie reiterated an “outperform” rating and set a $40.00 price target on shares of Intel Corporation in a report on Friday, July 14th. Finally, Jefferies Group LLC cut Intel Corporation from a “hold” rating to an “underperform” rating and reduced their price target for the stock from $29.00 to $28.00 in a report on Monday, July 10th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $40.55.
In other Intel Corporation news, insider Venkata S. M. Renduchintala sold 1,424 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $36.40, for a total value of $51,833.60. Following the completion of the transaction, the insider now directly owns 1,536 shares in the company, valued at $55,910.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 72,173 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the completion of the transaction, the chief executive officer now owns 534,746 shares of the company’s stock, valued at $18,015,592.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 91,921 shares of company stock valued at $3,130,162. Company insiders own 0.09% of the company’s stock.
About Intel Corporation
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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