Intel Corporation $INTC Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its position in Intel Corporation (NASDAQ:INTC) by 1.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 147,605 shares of the chip maker’s stock after selling 2,352 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Intel were worth $3,306,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in Intel by 0.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 249,611 shares of the chip maker’s stock valued at $5,504,000 after buying an additional 1,153 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Intel by 67.1% in the 1st quarter. Golden State Wealth Management LLC now owns 6,064 shares of the chip maker’s stock valued at $138,000 after acquiring an additional 2,434 shares during the period. Avidian Wealth Enterprises LLC acquired a new position in shares of Intel in the 1st quarter worth approximately $247,000. Valley National Advisers Inc. boosted its position in shares of Intel by 20.7% during the 1st quarter. Valley National Advisers Inc. now owns 3,144 shares of the chip maker’s stock worth $71,000 after purchasing an additional 540 shares during the period. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in Intel in the 1st quarter valued at approximately $869,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on INTC shares. HSBC raised their price target on Intel from $24.00 to $26.00 in a research report on Friday, October 24th. Susquehanna increased their price target on shares of Intel from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Wedbush raised their price objective on shares of Intel from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, October 22nd. Mizuho upped their target price on shares of Intel from $39.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, October 24th. Finally, New Street Research raised their price target on shares of Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Two equities research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $33.65.

Intel Price Performance

Shares of INTC opened at $41.53 on Wednesday. The firm has a market capitalization of $181.78 billion, a price-to-earnings ratio of 4,157.16 and a beta of 1.33. The firm’s fifty day simple moving average is $31.02 and its 200-day simple moving average is $24.66. Intel Corporation has a twelve month low of $17.67 and a twelve month high of $42.48. The company has a current ratio of 1.60, a quick ratio of 1.25 and a debt-to-equity ratio of 0.38.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 23rd. The chip maker reported $0.23 EPS for the quarter. The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.10 billion. Intel had a negative return on equity of 0.75% and a net margin of 0.37%.Intel’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.46) earnings per share. Intel has set its Q4 2025 guidance at 0.080-0.080 EPS. Equities analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

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.