Intel Corp. (NASDAQ:INTC) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 80,378,740 shares, a growth of 6.2% from the October 14th total of 75,694,707 shares. Based on an average daily trading volume, of 26,864,029 shares, the days-to-cover ratio is presently 3.0 days. Approximately 1.7% of the company’s stock are sold short.

Shares of Intel Corp. (NASDAQ:INTC) opened at 34.50 on Friday. The company has a 50 day moving average price of $36.21 and a 200 day moving average price of $34.07. The company has a market cap of $163.50 billion, a PE ratio of 16.19 and a beta of 1.07. Intel Corp. has a 52 week low of $27.68 and a 52 week high of $38.36.

Intel Corp. (NASDAQ:INTC) last issued its earnings results on Tuesday, October 18th. The chip maker reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.07. Intel Corp. had a return on equity of 21.05% and a net margin of 17.90%. The firm had revenue of $15.78 billion for the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter last year, the business earned $0.64 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts expect that Intel Corp. will post $2.66 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Monday, November 7th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is currently 49.06%.

Several analysts recently commented on the stock. Pacific Crest reiterated a “buy” rating and issued a $44.00 price target on shares of Intel Corp. in a research report on Thursday, October 6th. KeyCorp boosted their price objective on shares of Intel Corp. from $42.00 to $44.00 and gave the company an “overweight” rating in a research note on Monday, October 3rd. BlueFin Research reissued a “buy” rating on shares of Intel Corp. in a research note on Monday, October 3rd. B. Riley reissued a “buy” rating and issued a $46.00 price objective (up from $45.00) on shares of Intel Corp. in a research note on Wednesday, October 19th. Finally, Goldman Sachs Group Inc. set a $36.00 price objective on shares of Intel Corp. and gave the company a “neutral” rating in a research note on Wednesday, October 19th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Intel Corp. currently has a consensus rating of “Buy” and an average price target of $39.87.

In related news, Chairman Andy D. Bryant sold 24,383 shares of the company’s stock in a transaction on Thursday, October 20th. The shares were sold at an average price of $35.35, for a total value of $861,939.05. Following the completion of the sale, the chairman now owns 399,940 shares in the company, valued at approximately $14,137,879. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $34.92, for a total transaction of $488,775.24. Following the completion of the sale, the executive vice president now owns 817 shares of the company’s stock, valued at approximately $28,529.64. The disclosure for this sale can be found here. Insiders own 0.09% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Carnick & Kubik LLC bought a new position in shares of Intel Corp. during the first quarter worth about $100,000. Global X Management Co. LLC boosted its position in shares of Intel Corp. by 52.0% in the second quarter. Global X Management Co. LLC now owns 3,037 shares of the chip maker’s stock worth $100,000 after buying an additional 1,039 shares during the period. Penserra Capital Management LLC boosted its position in shares of Intel Corp. by 36.3% in the second quarter. Penserra Capital Management LLC now owns 3,178 shares of the chip maker’s stock worth $104,000 after buying an additional 847 shares during the period. Nelson Roberts Investment Advisors LLC boosted its position in shares of Intel Corp. by 55.3% in the second quarter. Nelson Roberts Investment Advisors LLC now owns 3,443 shares of the chip maker’s stock worth $113,000 after buying an additional 1,226 shares during the period. Finally, Proficio Capital Partners LLC boosted its position in shares of Intel Corp. by 143.0% in the second quarter. Proficio Capital Partners LLC now owns 3,395 shares of the chip maker’s stock worth $118,000 after buying an additional 1,998 shares during the period. Hedge funds and other institutional investors own 64.85% of the company’s stock.

Intel Corp. Company Profile

Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.

5 Day Chart for NASDAQ:INTC

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