Intel Co. (NASDAQ:INTC) Short Interest Up 11.5% in November

Intel Co. (NASDAQ:INTC) was the recipient of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 117,710,000 shares, a growth of 11.5% from the October 31st total of 105,530,000 shares. Based on an average daily trading volume, of 78,240,000 shares, the days-to-cover ratio is currently 1.5 days.

Intel Trading Down 6.1 %

Shares of INTC stock opened at $22.47 on Wednesday. Intel has a 12 month low of $18.51 and a 12 month high of $51.28. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $23.50 and its two-hundred day moving average is $25.73. The company has a market cap of $96.91 billion, a PE ratio of -6.04 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. Equities analysts predict that Intel will post -0.87 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on INTC. Argus cut Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. StockNews.com cut Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Benchmark reissued a “hold” rating on shares of Intel in a report on Friday, November 1st. Truist Financial boosted their price target on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, Robert W. Baird boosted their price objective on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has an average rating of “Hold” and an average price target of $30.04.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in INTC. William B. Walkup & Associates Inc. acquired a new stake in Intel in the second quarter valued at about $2,178,000. Swiss National Bank increased its holdings in Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock worth $296,426,000 after purchasing an additional 31,800 shares in the last quarter. Fortis Group Advisors LLC grew its stake in Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock valued at $4,058,000 after acquiring an additional 157,991 shares during the period. Mizuho Securities Co. Ltd. boosted its position in shares of Intel by 2,910.4% during the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock valued at $678,000 after buying an additional 27,940 shares during the last quarter. Finally, CreativeOne Wealth LLC boosted its position in shares of Intel by 104.9% during the third quarter. CreativeOne Wealth LLC now owns 60,831 shares of the chip maker’s stock valued at $1,427,000 after buying an additional 31,143 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

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.