Intel Co. (NASDAQ:INTC) Short Interest Update

Intel Co. (NASDAQ:INTC) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 116,720,000 shares, an increase of 7.9% from the August 31st total of 108,160,000 shares. Based on an average daily trading volume, of 78,990,000 shares, the short-interest ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on INTC shares. Northland Securities lowered their target price on Intel from $68.00 to $42.00 and set an “outperform” rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. lowered their target price on Intel from $35.00 to $26.00 and set an “underweight” rating on the stock in a research report on Friday, August 2nd. Barclays lowered their target price on Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd. Cantor Fitzgerald lowered their target price on Intel from $40.00 to $27.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, Hsbc Global Res cut Intel from a “hold” rating to a “moderate sell” rating in a report on Friday, August 2nd. Six research analysts have rated the stock with a sell rating, twenty-four have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $32.04.

Insider Transactions at Intel

In related news, CEO Patrick P. Gelsinger bought 12,500 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now owns 37,975 shares of the company’s stock, valued at $765,576. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Copperwynd Financial LLC boosted its position in shares of Intel by 0.6% during the fourth quarter. Copperwynd Financial LLC now owns 45,432 shares of the chip maker’s stock valued at $2,283,000 after buying an additional 273 shares during the period. Adirondack Trust Co. boosted its position in shares of Intel by 0.5% during the first quarter. Adirondack Trust Co. now owns 51,783 shares of the chip maker’s stock valued at $2,287,000 after buying an additional 278 shares during the period. Abacus Wealth Partners LLC boosted its position in shares of Intel by 6.7% during the first quarter. Abacus Wealth Partners LLC now owns 4,542 shares of the chip maker’s stock valued at $201,000 after buying an additional 286 shares during the period. First Affirmative Financial Network boosted its position in shares of Intel by 1.8% during the first quarter. First Affirmative Financial Network now owns 16,608 shares of the chip maker’s stock valued at $734,000 after buying an additional 299 shares during the period. Finally, VERITY Wealth Advisors boosted its position in shares of Intel by 3.8% during the first quarter. VERITY Wealth Advisors now owns 8,448 shares of the chip maker’s stock valued at $373,000 after buying an additional 312 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Down 0.0 %

Shares of NASDAQ INTC opened at $23.91 on Monday. The business’s 50 day moving average is $22.58 and its two-hundred day moving average is $30.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.59 and a quick ratio of 1.24. Intel has a 1-year low of $18.51 and a 1-year high of $51.28. The stock has a market capitalization of $101.78 billion, a P/E ratio of 24.91 and a beta of 1.03.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, August 1st. The chip maker reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.08). Intel had a return on equity of 1.78% and a net margin of 1.77%. The company had revenue of $12.80 billion for the quarter, compared to the consensus estimate of $12.92 billion. During the same period in the previous year, the firm earned ($0.05) earnings per share. The company’s revenue was down .8% compared to the same quarter last year. As a group, research analysts expect that Intel will post -0.47 EPS for the current year.

Intel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 1st. Shareholders of record on Wednesday, August 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.50 annualized dividend and a dividend yield of 2.09%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.