Intel Co. (NASDAQ:INTC) Short Interest Up 11.5% in November

Intel Co. (NASDAQ:INTC) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 117,710,000 shares, a growth of 11.5% from the October 31st total of 105,530,000 shares. Based on an average daily trading volume, of 78,240,000 shares, the short-interest ratio is presently 1.5 days.

Intel Stock Down 6.1 %

INTC opened at $22.47 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. Intel has a 1 year low of $18.51 and a 1 year high of $51.28. The firm has a 50 day moving average price of $23.50 and a 200 day moving average price of $25.73. The company has a market cap of $96.91 billion, a PE ratio of -6.04 and a beta of 1.05.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.02 billion. During the same quarter last year, the company posted $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts expect that Intel will post -0.87 earnings per share for the current year.

Insider Transactions at Intel

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Institutional Investors Weigh In On Intel

Large investors have recently added to or reduced their stakes in the stock. William B. Walkup & Associates Inc. acquired a new position in Intel during the second quarter worth about $2,178,000. Swiss National Bank raised its stake in shares of Intel by 0.3% in the third quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after purchasing an additional 31,800 shares in the last quarter. Fortis Group Advisors LLC grew its position in Intel by 1,052.9% in the third quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock valued at $4,058,000 after acquiring an additional 157,991 shares during the period. Mizuho Securities Co. Ltd. grew its holdings in shares of Intel by 2,910.4% during the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock worth $678,000 after purchasing an additional 27,940 shares during the last quarter. Finally, CreativeOne Wealth LLC grew its holdings in shares of Intel by 104.9% during the third quarter. CreativeOne Wealth LLC now owns 60,831 shares of the chip maker’s stock worth $1,427,000 after purchasing an additional 31,143 shares during the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Daiwa America raised Intel to a “hold” rating in a report on Monday, August 26th. Benchmark reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. Truist Financial lifted their target price on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research note on Friday, November 1st. Finally, 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. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Intel presently has a consensus rating of “Hold” and an average price target of $30.04.

About Intel

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.