Intel Co. (INTC) Sees Large Decrease in Short Interest

Intel Co. (NASDAQ:INTC) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 104,767,258 shares, a drop of 1.5% from the January 12th total of 106,383,723 shares. Based on an average daily volume of 37,646,073 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.2% of the shares of the company are sold short.

Shares of Intel (NASDAQ:INTC) opened at $43.95 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market cap of $205,690.00, a PE ratio of 22.20, a PEG ratio of 1.53 and a beta of 1.07. Intel has a 52-week low of $33.23 and a 52-week high of $50.85.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, January 25th. The chip maker reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.22. Intel had a net margin of 15.30% and a return on equity of 24.33%. The business had revenue of $17.05 billion during the quarter, compared to the consensus estimate of $16.34 billion. During the same period in the prior year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. research analysts anticipate that Intel will post 3.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 7th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.73%. This is an increase from Intel’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Tuesday, February 6th. Intel’s dividend payout ratio is presently 60.61%.

In related news, CEO Brian M. Krzanich sold 889,878 shares of Intel stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $44.19, for a total value of $39,323,708.82. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of Intel stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the transaction, the chief executive officer now directly owns 259,082 shares in the company, valued at $11,808,957.56. The disclosure for this sale can be found here. Insiders have sold 932,755 shares of company stock worth $41,387,752 over the last ninety days. Insiders own 0.08% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Papp L Roy & Associates boosted its stake in Intel by 1.2% in the second quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after acquiring an additional 800 shares during the last quarter. Crescent Grove Advisors LLC purchased a new position in Intel in the second quarter valued at about $555,000. United Bank boosted its stake in Intel by 108.0% in the second quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after acquiring an additional 22,765 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Intel by 182.1% in the second quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after acquiring an additional 9,746 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC boosted its stake in Intel by 15.6% in the second quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after acquiring an additional 16,340 shares during the last quarter. 67.43% of the stock is owned by institutional investors and hedge funds.

INTC has been the topic of a number of recent analyst reports. KeyCorp reissued a “buy” rating and issued a $50.00 price objective on shares of Intel in a research note on Friday, October 27th. Loop Capital reissued a “buy” rating and issued a $49.00 price objective (up from $45.00) on shares of Intel in a research note on Friday, October 27th. Deutsche Bank reissued a “buy” rating and issued a $45.00 price objective on shares of Intel in a research note on Friday, October 27th. B. Riley reissued a “buy” rating and issued a $53.00 price objective on shares of Intel in a research note on Friday, October 27th. Finally, Mizuho reissued a “buy” rating and issued a $47.00 price objective on shares of Intel in a research note on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $49.10.

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About Intel

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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