Intel Corporation (INTC) Short Interest Update
Intel Corporation (NASDAQ:INTC) was the target of a large growth in short interest in August. As of August 15th, there was short interest totalling 100,813,296 shares, a growth of 9.1% from the July 31st total of 92,381,592 shares. Based on an average daily volume of 24,338,484 shares, the days-to-cover ratio is currently 4.1 days. Currently, 2.1% of the company’s stock are sold short.
A number of research analysts recently issued reports on the stock. BidaskClub lowered shares of Intel Corporation from a “hold” rating to a “sell” rating in a research note on Friday. Vetr upgraded shares of Intel Corporation from a “buy” rating to a “strong-buy” rating and set a $41.56 target price on the stock in a research note on Thursday. Royal Bank Of Canada reiterated a “sell” rating on shares of Intel Corporation in a research note on Thursday. Argus reiterated a “buy” rating and issued a $45.00 target price on shares of Intel Corporation in a research note on Wednesday. Finally, Rosenblatt Securities reiterated a “sell” rating on shares of Intel Corporation in a research note on Wednesday. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $40.58.
In other news, CEO Brian M. Krzanich sold 72,173 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $33.69, for a total transaction of $2,431,508.37. Following the transaction, the chief executive officer now owns 534,746 shares in the company, valued at approximately $18,015,592.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Venkata S. M. Renduchintala sold 1,424 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $36.40, for a total transaction of $51,833.60. Following the transaction, the insider now owns 1,536 shares in the company, valued at approximately $55,910.40. The disclosure for this sale can be found here. Insiders have sold a total of 91,921 shares of company stock worth $3,130,162 in the last 90 days. 0.09% of the stock is owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its stake in Intel Corporation by 4,951.1% in the second quarter. Janus Henderson Group PLC now owns 20,455,051 shares of the chip maker’s stock worth $690,156,000 after buying an additional 20,050,088 shares in the last quarter. Capital Research Global Investors boosted its stake in Intel Corporation by 9.1% in the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Capital World Investors boosted its stake in Intel Corporation by 5.5% in the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Vanguard Group Inc. boosted its stake in Intel Corporation by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock worth $11,252,292,000 after buying an additional 8,087,302 shares in the last quarter. Finally, Glenview Capital Management LLC bought a new stake in Intel Corporation during the first quarter worth approximately $177,881,000. 67.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intel Corporation (INTC) opened at 34.67 on Friday. Intel Corporation has a 12 month low of $33.23 and a 12 month high of $38.45. The stock has a 50 day moving average of $35.18 and a 200-day moving average of $35.58. The company has a market cap of $162.91 billion, a price-to-earnings ratio of 13.23 and a beta of 1.01.
Intel Corporation (NASDAQ:INTC) last released its earnings results on Thursday, July 27th. The chip maker reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.04. Intel Corporation had a return on equity of 21.86% and a net margin of 20.60%. The firm had revenue of $14.76 billion for the quarter, compared to analysts’ expectations of $14.39 billion. During the same period in the prior year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts forecast that Intel Corporation will post $3.01 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Monday, August 7th will be paid a $0.2725 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $1.09 dividend on an annualized basis and a dividend yield of 3.14%. Intel Corporation’s dividend payout ratio is currently 41.76%.
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About Intel Corporation
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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