Intel Co. (INTC) Short Interest Update

Intel Co. (NASDAQ:INTC) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 71,627,560 shares, a decrease of 10.6% from the August 15th total of 80,130,799 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily volume of 20,312,867 shares, the days-to-cover ratio is currently 3.5 days.

Intel stock opened at $45.54 on Friday. The stock has a market capitalization of $210.20 billion, a P/E ratio of 13.16, a PEG ratio of 1.29 and a beta of 0.97. Intel has a 12-month low of $36.22 and a 12-month high of $57.60. The company has a current ratio of 1.57, a quick ratio of 1.15 and a debt-to-equity ratio of 0.35.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, July 26th. The chip maker reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.05. The business had revenue of $16.96 billion for the quarter, compared to analysts’ expectations of $16.78 billion. Intel had a return on equity of 27.33% and a net margin of 20.07%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.72 earnings per share. equities analysts predict that Intel will post 4.15 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Wednesday, November 7th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.64%. Intel’s dividend payout ratio (DPR) is currently 34.68%.

Several research firms have recently weighed in on INTC. Summit Insights cut Intel from a “buy” rating to a “hold” rating in a research report on Friday, July 27th. Stifel Nicolaus reissued a “neutral” rating and issued a $52.00 price objective on shares of Intel in a research report on Thursday, August 9th. Sanford C. Bernstein set a $54.00 price objective on Intel and gave the company a “neutral” rating in a research report on Wednesday, June 6th. Barclays cut Intel from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $62.00 to $53.00 in a research report on Monday, August 6th. Finally, BidaskClub cut Intel from a “hold” rating to a “sell” rating in a research report on Tuesday, August 21st. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-two have assigned a buy rating to the company. Intel currently has an average rating of “Hold” and an average target price of $55.55.

In other news, EVP Navin Shenoy sold 601 shares of the stock in a transaction that occurred on Monday, July 30th. The stock was sold at an average price of $47.69, for a total value of $28,661.69. Following the completion of the sale, the executive vice president now directly owns 40,903 shares of the company’s stock, valued at $1,950,664.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Steven Ralph Rodgers sold 2,213 shares of the stock in a transaction that occurred on Thursday, July 26th. The shares were sold at an average price of $52.43, for a total value of $116,027.59. Following the completion of the sale, the executive vice president now directly owns 23,268 shares of the company’s stock, valued at $1,219,941.24. The disclosure for this sale can be found here. Insiders have sold 4,077 shares of company stock valued at $205,757 in the last ninety days. Company insiders own 0.03% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Intel by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 51,466,042 shares of the chip maker’s stock worth $2,558,294,000 after buying an additional 559,856 shares during the last quarter. LSV Asset Management boosted its holdings in Intel by 1.2% during the second quarter. LSV Asset Management now owns 25,064,455 shares of the chip maker’s stock worth $1,245,954,000 after buying an additional 304,293 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Intel by 14.7% during the fourth quarter. Alliancebernstein L.P. now owns 24,187,824 shares of the chip maker’s stock worth $1,116,510,000 after buying an additional 3,095,697 shares during the last quarter. TIAA CREF Investment Management LLC boosted its holdings in Intel by 47.8% during the fourth quarter. TIAA CREF Investment Management LLC now owns 23,711,209 shares of the chip maker’s stock worth $1,094,509,000 after buying an additional 7,669,737 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Intel by 3.3% during the second quarter. Fisher Asset Management LLC now owns 23,435,777 shares of the chip maker’s stock worth $1,164,993,000 after buying an additional 745,116 shares during the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

About Intel

Intel Corporation designs, manufactures, and sells computer, networking, data storage, and communication platforms worldwide. The company operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments.

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