Intel Co. (INTC) Short Interest Update
Intel Co. (NASDAQ:INTC) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 98,402,771 shares, an increase of 8.3% from the April 28th total of 90,883,038 shares. Approximately 2.1% of the company’s shares are short sold. Based on an average daily trading volume, of 21,928,390 shares, the short-interest ratio is currently 4.5 days.
Intel (NASDAQ:INTC) opened at 36.26 on Friday. Intel has a 12 month low of $30.44 and a 12 month high of $38.45. The firm’s 50-day moving average is $36.10 and its 200-day moving average is $36.00. The firm has a market capitalization of $170.75 billion, a PE ratio of 15.70 and a beta of 1.03.
Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, April 27th. The chip maker reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The firm had revenue of $14.80 billion during the quarter, compared to analyst estimates of $14.80 billion. Intel had a return on equity of 20.95% and a net margin of 17.37%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $0.54 earnings per share. On average, equities research analysts expect that Intel will post $2.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Sunday, May 7th will be given a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 3.01%. This is a positive change from Intel’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, May 3rd. Intel’s dividend payout ratio (DPR) is presently 49.29%.
Several equities analysts have recently commented on the stock. Sanford C. Bernstein lowered shares of Intel from a “market perform” rating to an “underperform” rating and decreased their price objective for the stock from $36.00 to $30.00 in a report on Tuesday, February 28th. BNP Paribas set a $39.00 price objective on shares of Intel and gave the stock a “hold” rating in a report on Saturday, January 28th. Zacks Investment Research upgraded shares of Intel from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, May 16th. Vetr lowered shares of Intel from a “strong-buy” rating to a “buy” rating and set a $38.98 price objective on the stock. in a report on Thursday, February 9th. Finally, Susquehanna Bancshares Inc restated a “positive” rating on shares of Intel in a report on Monday, January 30th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $40.33.
In other news, insider Venkata S. M. Renduchintala sold 13,997 shares of the stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $36.11, for a total value of $505,431.67. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at approximately $55,464.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Diane M. Bryant sold 1,639 shares of the stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $36.85, for a total transaction of $60,397.15. Following the completion of the sale, the insider now directly owns 113,357 shares of the company’s stock, valued at approximately $4,177,205.45. The disclosure for this sale can be found here. In the last three months, insiders sold 119,993 shares of company stock valued at $4,276,027. Corporate insiders own 0.09% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Credit Capital Investments LLC bought a new position in shares of Intel during the third quarter worth about $1,133,000. Spectrum Management Group Inc. boosted its position in shares of Intel by 7.9% in the third quarter. Spectrum Management Group Inc. now owns 12,401 shares of the chip maker’s stock worth $468,000 after buying an additional 910 shares during the period. Mathes Company Inc. boosted its position in shares of Intel by 143.1% in the third quarter. Mathes Company Inc. now owns 145,765 shares of the chip maker’s stock worth $5,503,000 after buying an additional 85,805 shares during the period. Spero Smith Investment Advisers Inc. OH boosted its position in shares of Intel by 3.8% in the third quarter. Spero Smith Investment Advisers Inc. OH now owns 68,286 shares of the chip maker’s stock worth $2,578,000 after buying an additional 2,488 shares during the period. Finally, Nippon Life Insurance Co. boosted its position in shares of Intel by 0.4% in the third quarter. Nippon Life Insurance Co. now owns 167,075 shares of the chip maker’s stock worth $6,307,000 after buying an additional 606 shares during the period. Hedge funds and other institutional investors own 65.90% of the company’s stock.
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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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