Intel Co. (INTC) Short Interest Up 3.3% in December

Intel Co. (NASDAQ:INTC) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 152,465,731 shares, an increase of 3.3% from the November 30th total of 147,644,704 shares. Based on an average daily trading volume, of 26,730,762 shares, the short-interest ratio is currently 5.7 days. Approximately 3.3% of the company’s stock are sold short.

A number of brokerages have recently commented on INTC. Wells Fargo & Co restated an “outperform” rating and set a $50.00 target price (up previously from $45.00) on shares of Intel in a report on Friday, October 27th. SunTrust Banks restated a “hold” rating and set a $43.00 target price (up previously from $39.00) on shares of Intel in a report on Friday, October 27th. Robert W. Baird restated an “outperform” rating and set a $45.00 target price on shares of Intel in a report on Tuesday, September 5th. BMO Capital Markets boosted their target price on shares of Intel from $34.00 to $37.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, KeyCorp restated a “buy” rating and set a $50.00 target price on shares of Intel in a report on Friday, October 27th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. Intel presently has a consensus rating of “Buy” and a consensus price target of $43.94.

In other news, CEO Brian M. Krzanich sold 889,878 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total transaction of $39,323,708.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Diane M. Bryant sold 1,639 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $40.91, for a total transaction of $67,051.49. Following the sale, the executive vice president now owns 113,086 shares in the company, valued at approximately $4,626,348.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,487,054 shares of company stock worth $65,800,132. Company insiders own 0.08% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of INTC. Vanguard Group Inc. increased its position in shares of Intel by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares during the last quarter. Capital World Investors increased its position in shares of Intel by 5.5% during the 2nd quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock valued at $6,672,097,000 after purchasing an additional 10,257,260 shares during the last quarter. Capital Research Global Investors increased its position in shares of Intel by 9.1% during the 2nd quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock valued at $4,338,344,000 after purchasing an additional 10,744,753 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Intel by 0.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock valued at $1,941,934,000 after purchasing an additional 397,082 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Intel by 2.0% during the 3rd quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock valued at $990,439,000 after purchasing an additional 502,225 shares during the last quarter. Institutional investors and hedge funds own 67.54% of the company’s stock.

Intel (NASDAQ INTC) opened at $46.16 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.27 and a current ratio of 1.60. The stock has a market cap of $216,310.00, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.69 and a beta of 1.06. Intel has a one year low of $33.23 and a one year high of $47.64.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.21. The business had revenue of $16.15 billion for the quarter, compared to analysts’ expectations of $15.73 billion. Intel had a net margin of 22.31% and a return on equity of 22.65%. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS. equities research analysts forecast that Intel will post 3.25 earnings per share for the current fiscal year.

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About Intel

Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).

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