Short Interest in Intel Co. (NASDAQ:INTC) Grows By 10.7%

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on INTC. Truist Financial increased their target price on Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a research note on Friday, November 1st. Barclays cut their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday. Stifel Nicolaus reissued a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a research note on Friday, October 25th. Bank of America reaffirmed an “underperform” rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Finally, Northland Securities lowered their price target on Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Six analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.88.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Finley Financial LLC bought a new stake in shares of Intel during the fourth quarter worth $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel during the second quarter worth $27,000. Quest Partners LLC lifted its position in shares of Intel by 7,370.6% during the third 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 during the last quarter. West Financial Advisors LLC bought a new stake in shares of Intel during the fourth quarter worth $31,000. Finally, Groupama Asset Managment lifted its position in shares of Intel by 6.3% during the third quarter. Groupama Asset Managment now owns 137,181 shares of the chip maker’s stock worth $32,000 after purchasing an additional 8,084 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

Intel Stock Up 9.3 %

Shares of NASDAQ:INTC traded up $1.82 during trading on Friday, hitting $21.49. 163,396,661 shares of the company’s stock were exchanged, compared to its average volume of 50,908,592. 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 52-week low of $18.51 and a 52-week high of $50.30. The business’s 50-day simple moving average is $21.55 and its 200 day simple moving average is $23.32.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The company had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share. As a group, research analysts anticipate that Intel will post -0.87 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.