Short Interest in Intel Co. (NASDAQ:INTC) Rises By 7.1%

Intel Co. (NASDAQ:INTC) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 99,950,000 shares, a growth of 7.1% from the May 31st total of 93,320,000 shares. Based on an average daily trading volume, of 48,620,000 shares, the short-interest ratio is presently 2.1 days.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger bought 4,100 shares of the stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average price of $30.29 per share, with a total value of $124,189.00. Following the completion of the acquisition, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CEO Patrick P. Gelsinger purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of $31.42 per share, for a total transaction of $125,680.00. Following the completion of the transaction, the chief executive officer now owns 35,275 shares in the company, valued at approximately $1,108,340.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Patrick P. Gelsinger acquired 4,100 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were bought at an average price of $30.29 per share, for a total transaction of $124,189.00. Following the completion of the transaction, the chief executive officer now owns 39,375 shares of the company’s stock, valued at $1,192,668.75. The disclosure for this purchase can be found here. 0.04% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barrett & Company Inc. lifted its holdings in shares of Intel by 6.1% during the fourth quarter. Barrett & Company Inc. now owns 3,662 shares of the chip maker’s stock worth $184,000 after purchasing an additional 210 shares during the period. Revolve Wealth Partners LLC lifted its stake in Intel by 3.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,397 shares of the chip maker’s stock valued at $372,000 after acquiring an additional 216 shares during the period. New Millennium Group LLC boosted its holdings in shares of Intel by 87.2% in 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 during the last quarter. Waldron Private Wealth LLC increased its stake in shares of Intel by 0.6% in the fourth quarter. Waldron Private Wealth LLC now owns 41,074 shares of the chip maker’s stock worth $2,063,000 after acquiring an additional 232 shares during the period. Finally, Spreng Capital Management Inc. raised its holdings in shares of Intel by 1.3% during the fourth quarter. Spreng Capital Management Inc. now owns 19,644 shares of the chip maker’s stock worth $987,000 after purchasing an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. HSBC reduced their target price on shares of Intel from $44.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, April 23rd. Wolfe Research raised Intel from an “underperform” rating to a “peer perform” rating in a research note on Thursday, May 16th. UBS Group raised their price target on Intel from $46.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, April 1st. Roth Mkm cut their price objective on Intel from $45.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. reduced their target price on Intel from $37.00 to $35.00 and set an “underweight” rating on the stock in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $39.58.

Intel Stock Up 0.6 %

NASDAQ:INTC traded up $0.18 during mid-day trading on Wednesday, hitting $31.25. 13,441,146 shares of the company’s stock traded hands, compared to its average volume of 46,381,316. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.14 and a current ratio of 1.57. The company has a market capitalization of $133.03 billion, a P/E ratio of 32.44, a P/E/G ratio of 14.76 and a beta of 1.05. The company has a fifty day moving average of $30.95 and a 200 day moving average of $39.25. Intel has a twelve month low of $29.73 and a twelve month high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, April 25th. The chip maker reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.03). The company had revenue of $12.72 billion during the quarter, compared to analyst estimates of $12.76 billion. Intel had a return on equity of 2.19% and a net margin of 7.36%. On average, analysts forecast that Intel will post 0.09 EPS for the current year.

Intel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, June 1st. Stockholders of record on Tuesday, May 7th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, May 6th. Intel’s dividend payout ratio (DPR) is presently 52.08%.

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.