Intel Co. (NASDAQ:INTC) Short Interest Update

Intel Co. (NASDAQ:INTC) was the target of a large 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 volume of 78,240,000 shares, the days-to-cover ratio is presently 1.5 days.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $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 accessible through this hyperlink. 0.04% of the stock is owned by insiders.

Institutional Investors Weigh In On Intel

Several hedge funds have recently modified their holdings of INTC. America First Investment Advisors LLC acquired a new stake in shares of Intel during the second quarter valued at about $25,000. Cyrus J. Lawrence LLC bought a new position in Intel in the 2nd quarter valued at approximately $27,000. Quest Partners LLC boosted its position in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock worth $30,000 after buying an additional 1,253 shares during the period. Spartan Fund Management Inc. bought a new stake in Intel during the 2nd quarter worth approximately $31,000. Finally, Financial Connections Group Inc. acquired a new position in Intel in the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INTC. Daiwa America raised Intel to a “hold” rating in a research report on Monday, August 26th. Northland Securities lowered their target price on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Robert W. Baird increased their price target on shares of Intel from $20.00 to $25.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Rosenblatt Securities restated a “sell” rating and set a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Finally, Truist Financial upped their target price on shares of Intel from $25.00 to $26.00 and gave the company a “hold” rating in a report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Intel currently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Stock Performance

Intel stock opened at $23.93 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel has a 12-month low of $18.51 and a 12-month high of $51.28. The business’s 50-day moving average price is $23.50 and its two-hundred day moving average price is $25.80.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (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 company had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period last year, the firm posted $0.28 earnings per share. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Intel will post -0.87 earnings per share for the current 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.