Intel Corporation (INTC) Short Interest Update
Intel Corporation (NASDAQ:INTC) saw a large decline in short interest in the month of September. As of September 29th, there was short interest totalling 116,014,067 shares, a decline of 1.9% from the September 15th total of 118,312,593 shares. Based on an average daily volume of 23,506,637 shares, the days-to-cover ratio is currently 4.9 days. Currently, 2.5% of the shares of the company are sold short.
Shares of Intel Corporation (NASDAQ:INTC) opened at 39.19 on Friday. Intel Corporation has a one year low of $33.23 and a one year high of $39.95. The firm has a 50-day moving average of $37.02 and a 200-day moving average of $35.91. The company has a market capitalization of $184.15 billion, a P/E ratio of 14.96 and a beta of 1.07.
Intel Corporation (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, July 27th. The chip maker reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The company had revenue of $14.76 billion during the quarter, compared to analysts’ expectations of $14.39 billion. Intel Corporation had a net margin of 20.60% and a return on equity of 21.86%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.59 earnings per share. Analysts forecast that Intel Corporation will post $3.01 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.2725 per share. This represents a $1.09 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date is Monday, November 6th. Intel Corporation’s dividend payout ratio is presently 41.76%.
In related news, CEO Brian M. Krzanich sold 61,860 shares of Intel Corporation stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $38.74, for a total value of $2,396,456.40. Following the sale, the chief executive officer now owns 543,948 shares of the company’s stock, valued at approximately $21,072,545.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Venkata S. M. Renduchintala sold 13,996 shares of Intel Corporation stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $35.47, for a total transaction of $496,438.12. Following the completion of the sale, the insider now directly owns 1,536 shares in the company, valued at approximately $54,481.92. The disclosure for this sale can be found here. Insiders sold a total of 81,608 shares of company stock worth $3,095,110 in the last ninety days. 0.08% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the business. Murphy Capital Management Inc. raised its position in Intel Corporation by 18.4% during the second quarter. Murphy Capital Management Inc. now owns 31,721 shares of the chip maker’s stock worth $1,070,000 after acquiring an additional 4,928 shares during the period. Sigma Planning Corp raised its position in Intel Corporation by 0.5% during the first quarter. Sigma Planning Corp now owns 64,672 shares of the chip maker’s stock worth $2,333,000 after acquiring an additional 335 shares during the period. Stockman Wealth Management Inc. raised its position in Intel Corporation by 2.3% during the first quarter. Stockman Wealth Management Inc. now owns 128,104 shares of the chip maker’s stock worth $4,621,000 after acquiring an additional 2,903 shares during the period. Pillar Pacific Capital Management LLC raised its position in Intel Corporation by 0.4% during the first quarter. Pillar Pacific Capital Management LLC now owns 235,734 shares of the chip maker’s stock worth $8,503,000 after acquiring an additional 930 shares during the period. Finally, GFS Advisors LLC raised its position in Intel Corporation by 9.2% during the first quarter. GFS Advisors LLC now owns 114,035 shares of the chip maker’s stock worth $4,114,000 after acquiring an additional 9,635 shares during the period. Institutional investors own 67.02% of the company’s stock.
INTC has been the topic of a number of analyst reports. Jefferies Group LLC reissued an “underperform” rating and set a $30.00 target price (up previously from $29.00) on shares of Intel Corporation in a report on Friday, July 28th. They noted that the move was a valuation call. Sanford C. Bernstein set a $30.00 target price on shares of Intel Corporation and gave the company a “sell” rating in a report on Tuesday, August 15th. Royal Bank Of Canada reissued a “sector perform” rating and set a $40.00 target price (up previously from $37.00) on shares of Intel Corporation in a report on Friday, October 6th. Hilliard Lyons initiated coverage on shares of Intel Corporation in a report on Wednesday, July 12th. They set a “buy” rating and a $41.00 target price on the stock. Finally, Northland Securities set a $40.00 target price on shares of Intel Corporation and gave the company a “hold” rating in a report on Friday, July 28th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $40.75.
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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