Intel Co. (NASDAQ:INTC) Short Interest Update

Intel Co. (NASDAQ:INTC - Get Free Report) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 137,760,000 shares, an increase of 26.9% from the January 31st total of 108,570,000 shares. Based on an average trading volume of 87,060,000 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Intel in the fourth quarter valued at approximately $1,246,569,000. Two Sigma Advisers LP acquired a new position in Intel in the 4th quarter valued at $289,752,000. Assenagon Asset Management S.A. lifted its holdings in Intel by 264.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 19,617,088 shares of the chip maker's stock valued at $393,323,000 after purchasing an additional 14,227,458 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Intel by 28.2% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 58,469,412 shares of the chip maker's stock worth $1,371,692,000 after purchasing an additional 12,865,308 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Intel during the fourth quarter worth $237,457,000. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Price Performance

INTC stock traded down $0.52 during mid-day trading on Wednesday, reaching $20.81. 126,930,384 shares of the company's stock were exchanged, compared to its average volume of 100,085,633. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. Intel has a 12-month low of $18.51 and a 12-month high of $46.63. The stock's 50 day moving average is $21.28 and its 200 day moving average is $21.82. The company has a market cap of $90.11 billion, a price-to-earnings ratio of -4.75 and a beta of 1.02.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, research analysts expect that Intel will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on INTC shares. Cantor Fitzgerald raised their price objective on Intel from $22.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, February 18th. Barclays dropped their price objective on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Truist Financial reduced their target price on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research note on Friday, January 31st. Stifel Nicolaus dropped their price target on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a research note on Friday, January 31st. Finally, UBS Group reduced their price objective on shares of Intel from $26.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $26.88.

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.

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