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

Intel Co. (NASDAQ:INTC - Get Free Report) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 116,390,000 shares, an increase of 10.7% from the December 15th total of 105,180,000 shares. Based on an average daily volume of 68,450,000 shares, the short-interest ratio is presently 1.7 days.

Insider Activity

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company's stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.04% of the company's stock.

Institutional Investors Weigh In On Intel

Institutional investors have recently bought and sold shares of the business. Cyrus J. Lawrence LLC acquired a new stake in Intel in the second quarter valued at approximately $27,000. Quest Partners LLC grew its holdings in shares of Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker's stock worth $30,000 after purchasing an additional 1,253 shares in the last quarter. Finley Financial LLC acquired a new stake in Intel during the fourth quarter worth $25,000. FSA Wealth Management LLC acquired a new position in shares of Intel in the 3rd quarter valued at $34,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Intel during the 3rd quarter worth about $36,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on INTC. Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, November 1st. Northland Securities cut their price target on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Barclays lowered their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intel from $27.00 to $25.00 and set a "hold" rating for the company in a research report on Thursday, October 3rd. Finally, Truist Financial raised their price objective on Intel from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $29.88.

Intel Trading Up 9.3 %

Shares of NASDAQ:INTC traded up $1.82 during midday trading on Friday, reaching $21.49. The company had a trading volume of 163,396,661 shares, compared to its average volume of 50,908,592. The company has a fifty day simple moving average of $21.55 and a two-hundred day simple moving average of $23.27. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The firm has a market cap of $92.69 billion, a price-to-earnings ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. Intel has a 1-year low of $18.51 and a 1-year high of $50.30.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to analysts' expectations of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Research analysts predict that Intel will post -0.87 earnings per share 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.