Intel Co. (NASDAQ:INTC) Short Interest Update

Intel Co. (NASDAQ:INTC) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totalling 105,180,000 shares, a decrease of 7.3% from the November 30th total of 113,440,000 shares. Based on an average daily volume of 71,870,000 shares, the short-interest ratio is presently 1.5 days.

Analyst Ratings Changes

INTC has been the subject of several analyst reports. Benchmark reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Bank of America reaffirmed an “underperform” rating and issued a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Northland Securities decreased their price objective on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and issued a $17.00 target price on shares of Intel in a research note on Tuesday, October 29th. Finally, The Goldman Sachs Group reduced their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, October 17th. Six 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $30.04.

Intel Trading Down 0.7 %

Shares of INTC opened at $20.30 on Monday. Intel has a 1-year low of $18.51 and a 1-year high of $50.87. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm’s 50-day moving average price is $22.55 and its 200-day moving average price is $24.41. The firm has a market capitalization of $87.55 billion, a price-to-earnings ratio of -5.46 and a beta of 1.05.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $13.30 billion for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the business posted $0.28 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts anticipate that Intel will post -0.87 EPS for the current year.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.04% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intel

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. America First Investment Advisors LLC bought a new position in shares of Intel during the second quarter valued at $25,000. Cyrus J. Lawrence LLC bought a new position in Intel during the 2nd quarter valued at about $27,000. Quest Partners LLC boosted its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after acquiring an additional 1,253 shares during the last quarter. Groupama Asset Managment grew its stake in shares of Intel by 6.3% in the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after acquiring an additional 8,084 shares during the period. Finally, FSA Wealth Management LLC bought a new position in Intel during the third quarter valued at approximately $34,000. 64.53% of the stock is owned by institutional investors.

About Intel

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.