Intel Co. (NASDAQ:INTC) Sees Large Decline in Short Interest

Intel Co. (NASDAQ:INTC - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 113,620,000 shares, a decrease of 15.1% from the March 15th total of 133,760,000 shares. Currently, 2.6% of the shares of the company are sold short. Based on an average trading volume of 107,060,000 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Sanford C. Bernstein lowered their price target on Intel from $25.00 to $21.00 and set a "market perform" rating for the company in a research report on Tuesday. UBS Group dropped their target price on Intel from $23.00 to $22.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Needham & Company LLC reissued a "hold" rating on shares of Intel in a research report on Monday, April 14th. Mizuho dropped their price objective on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Finally, Bank of America raised shares of Intel from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $19.00 to $25.00 in a report on Thursday, March 13th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $23.43.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Intel by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 369,099,204 shares of the chip maker's stock valued at $7,400,439,000 after acquiring an additional 6,143,164 shares during the period. Geode Capital Management LLC boosted its stake in Intel by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker's stock worth $1,909,761,000 after purchasing an additional 2,978,346 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Intel by 8.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock worth $1,268,430,000 after purchasing an additional 4,793,927 shares during the last quarter. Norges Bank acquired a new position in Intel in the fourth quarter valued at $1,246,569,000. Finally, Northern Trust Corp raised its holdings in shares of Intel by 15.5% in the fourth quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker's stock valued at $918,522,000 after buying an additional 6,157,853 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company's stock.

Intel Trading Up 3.8 %

Shares of Intel stock traded up $0.79 during trading hours on Thursday, hitting $21.38. The company's stock had a trading volume of 45,149,626 shares, compared to its average volume of 78,912,040. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The stock has a market cap of $93.21 billion, a price-to-earnings ratio of -4.87 and a beta of 1.13. The firm has a fifty day moving average of $22.11 and a 200-day moving average of $21.90. Intel has a twelve month low of $17.67 and a twelve month high of $37.16.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Research analysts forecast that Intel will post -0.11 EPS 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.