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

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

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Several institutional investors and hedge funds have recently made changes to their positions in INTC. World Investment Advisors LLC boosted its stake in Intel by 59.6% during the 3rd quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker’s stock worth $1,009,000 after acquiring an additional 16,046 shares during the last quarter. SOA Wealth Advisors LLC. raised its holdings in Intel by 7.3% in the third quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker’s stock worth $213,000 after purchasing an additional 615 shares during the period. Advisory Resource Group boosted its position in shares of Intel by 6.7% during the third quarter. Advisory Resource Group now owns 16,579 shares of the chip maker’s stock worth $389,000 after purchasing an additional 1,034 shares in the last quarter. Second Line Capital LLC acquired a new position in shares of Intel in the 3rd quarter valued at $236,000. Finally, Soltis Investment Advisors LLC increased its position in shares of Intel by 158.0% in the 3rd quarter. Soltis Investment Advisors LLC now owns 47,791 shares of the chip maker’s stock valued at $1,121,000 after buying an additional 29,265 shares in the last quarter. Institutional investors own 64.53% of the company’s stock.

Analyst Ratings Changes

INTC has been the subject of several recent analyst reports. Truist Financial upped their price objective on shares of Intel from $25.00 to $26.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 price target (down from $28.00) on shares of Intel in a research report on Friday, October 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a report on Friday, November 1st. Northland Securities decreased their price target on shares of Intel from $42.00 to $28.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Mizuho lifted their price objective on Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Six research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.12.

Intel Stock Down 0.5 %

NASDAQ INTC opened at $23.93 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel has a 52 week low of $18.51 and a 52 week high of $51.28. The stock has a fifty day moving average of $23.50 and a 200-day moving average of $25.80.

Intel (NASDAQ:INTC) last announced 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 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 business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. Analysts forecast 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.