Short Interest in Intel Co. (INTC) Drops By 23.7%

Intel Co. (NASDAQ:INTC) was the target of a significant decrease in short interest in December. As of December 29th, there was short interest totalling 116,407,121 shares, a decrease of 23.7% from the December 15th total of 152,465,731 shares. Based on an average trading volume of 29,501,283 shares, the days-to-cover ratio is currently 3.9 days. Currently, 2.5% of the shares of the stock are short sold.

Shares of Intel (NASDAQ INTC) opened at $43.41 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. The company has a market cap of $203,160.00, a PE ratio of 15.23, a PEG ratio of 1.62 and a beta of 1.06. Intel has a 52-week low of $33.23 and a 52-week high of $47.64.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, October 26th. The chip maker reported $1.01 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. Intel had a net margin of 22.31% and a return on equity of 22.65%. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $15.73 billion. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. research analysts anticipate that Intel will post 3.25 EPS for the current year.

In other news, EVP Diane M. Bryant sold 570 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.49, for a total value of $25,359.30. Following the transaction, the executive vice president now directly owns 110,850 shares in the company, valued at approximately $4,931,716.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Andy D. Bryant sold 89,087 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $44.80, for a total value of $3,991,097.60. Following the completion of the transaction, the chairman now owns 428,789 shares in the company, valued at $19,209,747.20. The disclosure for this sale can be found here. Insiders sold 1,487,054 shares of company stock worth $65,800,132 over the last 90 days. Company insiders own 0.08% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in INTC. Janus Henderson Group PLC boosted its position in Intel by 4,951.1% during the 2nd quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock valued at $690,156,000 after buying an additional 20,050,088 shares during the period. Capital Research Global Investors boosted its position in 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 buying an additional 10,744,753 shares during the period. Capital World Investors boosted its position in 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 buying an additional 10,257,260 shares during the period. Capital International Investors purchased a new stake in shares of Intel in the 3rd quarter worth about $339,563,000. Finally, Vanguard Group Inc. lifted its position in 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 acquiring an additional 8,087,302 shares during the period. Hedge funds and other institutional investors own 67.54% of the company’s stock.

Several analysts recently issued reports on the company. Vetr raised Intel from a “buy” rating to a “strong-buy” rating and set a $49.90 price target on the stock in a report on Wednesday. Argus reaffirmed a “buy” rating and set a $50.00 target price on shares of Intel in a research note on Friday, January 5th. B. Riley reaffirmed a “buy” rating and set a $53.00 target price on shares of Intel in a research note on Thursday, January 4th. Nomura reiterated a “buy” rating and set a $50.00 price target on shares of Intel in a research report on Thursday, January 4th. Finally, JPMorgan Chase & Co. set a $53.00 price target on Intel and gave the company a “buy” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. Intel currently has an average rating of “Buy” and a consensus price target of $44.78.

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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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