Intel Co. (NASDAQ:INTC) Sees Significant Growth in Short Interest

Intel Co. (NASDAQ:INTCGet Free Report) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 66,850,000 shares, an increase of 12.5% from the January 31st total of 59,400,000 shares. Based on an average daily trading volume, of 42,460,000 shares, the days-to-cover ratio is presently 1.6 days.

Intel Price Performance

Shares of NASDAQ:INTC traded up $1.79 on Monday, hitting $45.61. The company’s stock had a trading volume of 59,926,525 shares, compared to its average volume of 44,652,207. The company has a 50-day simple moving average of $45.66 and a 200 day simple moving average of $40.98. Intel has a 1 year low of $25.45 and a 1 year high of $51.28. The company has a market capitalization of $192.84 billion, a PE ratio of 112.36, a PEG ratio of 4.57 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15.

Intel (NASDAQ:INTCGet Free Report) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The firm had revenue of $15.40 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter last year, the firm posted $0.10 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. Sell-side analysts forecast that Intel will post 0.64 EPS for the current fiscal year.

Intel Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, February 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.10%. Intel’s payout ratio is currently 128.21%.

Insider Buying and Selling at Intel

In other Intel news, CEO Patrick P. Gelsinger purchased 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares in the company, valued at $1,234,676. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Patrick P. Gelsinger bought 3,000 shares of the stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $43.36 per share, with a total value of $130,080.00. Following the completion of the transaction, the chief executive officer now directly owns 28,475 shares of the company’s stock, valued at $1,234,676. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Patrick P. Gelsinger bought 2,800 shares of the stock in a transaction dated Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the completion of the transaction, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The disclosure for this purchase can be found here. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Several institutional investors and hedge funds have recently modified their holdings of INTC. CVA Family Office LLC increased its position in shares of Intel by 14.0% during the 3rd quarter. CVA Family Office LLC now owns 6,573 shares of the chip maker’s stock valued at $234,000 after purchasing an additional 808 shares during the last quarter. Shepherd Financial Partners LLC increased its position in shares of Intel by 3.4% during the 2nd quarter. Shepherd Financial Partners LLC now owns 18,339 shares of the chip maker’s stock valued at $613,000 after purchasing an additional 607 shares during the last quarter. Vanguard Capital Wealth Advisors increased its position in shares of Intel by 1.3% during the 3rd quarter. Vanguard Capital Wealth Advisors now owns 45,368 shares of the chip maker’s stock valued at $1,613,000 after purchasing an additional 574 shares during the last quarter. Waverly Advisors LLC increased its position in shares of Intel by 14.9% during the 3rd quarter. Waverly Advisors LLC now owns 56,846 shares of the chip maker’s stock valued at $2,021,000 after purchasing an additional 7,362 shares during the last quarter. Finally, Ghisallo Capital Management LLC bought a new position in shares of Intel during the 2nd quarter valued at about $5,016,000. Hedge funds and other institutional investors own 60.84% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of several recent research reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $50.00 price target on shares of Intel in a report on Friday, February 2nd. Barclays upped their price target on Intel from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 16th. TD Cowen decreased their price target on Intel from $45.00 to $42.00 and set a “market perform” rating for the company in a report on Friday, January 26th. Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a report on Friday, February 23rd. Finally, Susquehanna upped their price objective on Intel from $38.00 to $42.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Four investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $41.48.

Read Our Latest Report on INTC

Intel Company Profile

(Get Free Report)

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.

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