Intel Co. (NASDAQ:INTC - Get Free Report) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 105,180,000 shares, a drop 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 currently 1.5 days.
Intel Stock Performance
Shares of Intel stock traded down $0.48 during trading on Monday, reaching $19.82. The company's stock had a trading volume of 59,453,645 shares, compared to its average volume of 61,687,109. The company has a 50-day moving average price of $22.49 and a two-hundred day moving average price of $24.34. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $50.30. The firm has a market cap of $85.48 billion, a PE ratio of -5.33 and a beta of 1.05. 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 (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter in the prior 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, analysts forecast that Intel will post -0.87 EPS for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on INTC shares. Benchmark reissued a "hold" rating on shares of Intel in a research report on Friday, November 1st. Stifel Nicolaus reiterated a "hold" rating and set a $25.00 target price (down from $28.00) on shares of Intel in a report on Friday, October 25th. Robert W. Baird boosted their price target on shares of Intel from $20.00 to $25.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. TD Cowen raised Intel to a "hold" rating in a research report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $27.00 to $25.00 and set a "hold" rating for the company in a report on Thursday, October 3rd. 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 stock. According to data from MarketBeat, Intel has a consensus rating of "Hold" and an average target price of $30.04.
Check Out Our Latest Stock Report on INTC
Insider Buying and Selling
In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.
Institutional Trading of Intel
A number of hedge funds have recently added to or reduced their stakes in INTC. Farther Finance Advisors LLC boosted its holdings in Intel by 53.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 41,376 shares of the chip maker's stock valued at $1,276,000 after purchasing an additional 14,343 shares in the last quarter. nVerses Capital LLC acquired a new position in Intel during the second quarter worth $434,000. Aptus Capital Advisors LLC raised its position in Intel by 3.7% in the second quarter. Aptus Capital Advisors LLC now owns 40,254 shares of the chip maker's stock worth $1,247,000 after acquiring an additional 1,454 shares in the last quarter. Interchange Capital Partners LLC acquired a new stake in Intel in the second quarter valued at $698,000. Finally, Auxano Advisors LLC boosted its position in shares of Intel by 3.1% during the 2nd quarter. Auxano Advisors LLC now owns 24,558 shares of the chip maker's stock worth $761,000 after purchasing an additional 746 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.
About Intel
(
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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