Intel Corp. (INTC) Short Interest Update
Intel Corp. (NASDAQ:INTC) was the target of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 75,559,814 shares, a drop of 6.0% from the October 31st total of 80,378,740 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily volume of 22,143,551 shares, the days-to-cover ratio is currently 3.4 days.
In other Intel Corp. news, VP Gregory R. Pearson sold 250,192 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total transaction of $9,132,008.00. Following the completion of the sale, the vice president now directly owns 92,826 shares in the company, valued at approximately $3,388,149. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Venkata S. M. Renduchintala sold 13,997 shares of the firm’s stock in a transaction dated Monday, October 31st. The stock was sold at an average price of $34.92, for a total value of $488,775.24. Following the sale, the executive vice president now owns 817 shares of the company’s stock, valued at $28,529.64. The disclosure for this sale can be found here. 0.09% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital World Investors boosted its position in Intel Corp. by 9.7% in the third quarter. Capital World Investors now owns 183,278,777 shares of the chip maker’s stock worth $6,918,774,000 after buying an additional 16,231,087 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Intel Corp. during the second quarter worth approximately $295,226,000. Dimensional Fund Advisors LP boosted its position in Intel Corp. by 23.4% in the second quarter. Dimensional Fund Advisors LP now owns 45,685,548 shares of the chip maker’s stock worth $1,498,217,000 after buying an additional 8,662,708 shares in the last quarter. Vanguard Group Inc. boosted its position in Intel Corp. by 1.9% in the second quarter. Vanguard Group Inc. now owns 299,534,545 shares of the chip maker’s stock worth $9,824,733,000 after buying an additional 5,697,051 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in Intel Corp. by 4.8% in the second quarter. Capital Research Global Investors now owns 103,104,372 shares of the chip maker’s stock worth $3,381,823,000 after buying an additional 4,719,872 shares in the last quarter. 64.89% of the stock is currently owned by institutional investors and hedge funds.
Intel Corp. (NASDAQ:INTC) opened at 34.70 on Thursday. The company has a market capitalization of $164.44 billion, a price-to-earnings ratio of 16.28 and a beta of 1.07. The stock has a 50 day moving average price of $35.38 and a 200 day moving average price of $34.52. Intel Corp. has a 52-week low of $27.68 and a 52-week high of $38.36.
Intel Corp. (NASDAQ:INTC) last released its earnings results on Tuesday, October 18th. The chip maker reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.07. The business had revenue of $15.78 billion for the quarter, compared to analysts’ expectations of $15.58 billion. Intel Corp. had a return on equity of 21.05% and a net margin of 17.90%. The firm’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Equities research analysts forecast that Intel Corp. will post $2.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be paid a $0.26 dividend. The ex-dividend date is Thursday, November 3rd. This represents a $1.04 dividend on an annualized basis and a yield of 3.00%. Intel Corp.’s dividend payout ratio is presently 49.06%.
A number of equities research analysts have commented on the company. B. Riley restated a “buy” rating and set a $46.00 price objective on shares of Intel Corp. in a research report on Monday, October 24th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $35.00 price target (up from $33.00) on shares of Intel Corp. in a research note on Friday, October 21st. Vetr raised Intel Corp. from a “buy” rating to a “strong-buy” rating and set a $39.45 price target for the company in a research note on Wednesday. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Intel Corp. in a research note on Sunday, September 4th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $42.00 price target on shares of Intel Corp. in a research note on Friday, October 21st. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Intel Corp. currently has a consensus rating of “Buy” and a consensus target price of $39.61.
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About Intel Corp.
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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