Intel Co. (NASDAQ:INTC) Short Interest Update

Intel Co. (NASDAQ:INTC) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 108,570,000 shares, a decline of 18.2% from the January 15th total of 132,690,000 shares. Based on an average daily volume of 73,810,000 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Trading of Intel

Hedge funds and other institutional investors have recently bought and sold shares of the company. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter worth approximately $25,000. Synergy Investment Management LLC bought a new position in Intel during the fourth quarter worth $27,000. BankPlus Trust Department bought a new position in Intel during the fourth quarter worth $28,000. Keystone Financial Group Inc. acquired a new position in Intel in the fourth quarter worth $29,000. Finally, Quest Partners LLC increased its stake in Intel by 7,370.6% during the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

INTC has been the topic of several recent research reports. Bank of America reiterated an “underperform” rating and issued a $21.00 price objective on shares of Intel in a research report on Tuesday, December 3rd. Mizuho reduced their price target on shares of Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, January 31st. Citigroup reduced their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Finally, Benchmark reissued a “hold” rating on shares of Intel in a research report on Friday, January 31st. Five analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $26.60.

Intel Stock Down 2.2 %

Shares of INTC stock traded down $0.53 during mid-day trading on Monday, reaching $23.60. 229,644,185 shares of the company were exchanged, compared to its average volume of 71,431,504. The company has a market capitalization of $102.19 billion, a P/E ratio of -5.39 and a beta of 1.08. The business’s 50 day simple moving average is $20.33 and its 200 day simple moving average is $21.55. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel has a fifty-two week low of $18.51 and a fifty-two week high of $46.63.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, January 30th. The chip maker reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Research analysts predict that Intel will post -0.11 earnings per share 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.