Intel Co. (NASDAQ:INTC) Short Interest Update

Intel Co. (NASDAQ:INTC) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 76,280,000 shares, an increase of 5.4% from the March 31st total of 72,400,000 shares. Based on an average trading volume of 48,570,000 shares, the short-interest ratio is presently 1.6 days.

Intel Stock Performance

Shares of INTC opened at $30.37 on Thursday. The company has a market capitalization of $129.29 billion, a PE ratio of 31.64, a price-to-earnings-growth ratio of 3.31 and a beta of 1.00. Intel has a one year low of $26.85 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.14. The company’s fifty day moving average price is $40.09 and its 200 day moving average price is $42.14.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Tuesday, May 7th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, May 6th. This represents a $0.50 annualized dividend and a yield of 1.65%. Intel’s dividend payout ratio (DPR) is presently 52.08%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on INTC. Susquehanna decreased their price objective on shares of Intel from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Friday, April 26th. Citigroup reduced their price target on shares of Intel from $47.50 to $40.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. UBS Group increased their price target on shares of Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, April 1st. Sanford C. Bernstein reduced their price target on shares of Intel from $42.00 to $35.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Friday, April 26th. Four equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Intel currently has an average rating of “Hold” and a consensus price target of $39.75.

Insider Activity

In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average cost of $31.42 per share, for a total transaction of $125,680.00. Following the acquisition, the chief executive officer now owns 35,275 shares in the company, valued at $1,108,340.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.04% of the company’s stock.

Institutional Trading of Intel

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. New Millennium Group LLC boosted its position in shares of Intel by 87.2% during the 4th quarter. New Millennium Group LLC now owns 496 shares of the chip maker’s stock valued at $25,000 after acquiring an additional 231 shares in the last quarter. Burkett Financial Services LLC acquired a new stake in shares of Intel during the 4th quarter valued at about $27,000. Frazier Financial Advisors LLC acquired a new stake in shares of Intel during the 4th quarter valued at about $27,000. Tributary Capital Management LLC acquired a new stake in shares of Intel during the 1st quarter valued at about $27,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Intel during the 4th quarter valued at about $36,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.