Intel Short Interest Down 16.2% in July (INTC)
Intel (NASDAQ:INTC) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 135,371,781 shares, a drop of 16.2% from the July 15th total of 161,625,885 shares, American Banking News.com reports. Based on an average trading volume of 46,113,322 shares, the short-interest ratio is presently 2.9 days. Currently, 2.7% of the company’s shares are sold short.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Intel from $32.00 to $37.00 in a research note on Friday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Intel in a research note on Tuesday, August 5th. They now have a $41.00 price target on the stock. Finally, analysts at Bernstein raised their price target on shares of Intel from $28.00 to $31.00 in a research note on Wednesday, July 16th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Intel presently has a consensus rating of “Hold” and a consensus target price of $33.42.
Shares of Intel (NASDAQ:INTC) opened at 33.02 on Tuesday. Intel has a 1-year low of $21.89 and a 1-year high of $34.83. The stock has a 50-day moving average of $32.5 and a 200-day moving average of $27.64. The company has a market cap of $163.5 billion and a P/E ratio of 16.15.
Intel (NASDAQ:INTC) last announced its earnings results on Tuesday, July 15th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.03. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $13.68 million. During the same quarter in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts predict that Intel will post $2.18 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Investors of record on Thursday, August 7th will be paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Tuesday, August 5th.
Intel Corporation, incorporated in 1968, designs and manufactures integrated digital technology platforms.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.