Update on Short Interest for Intel Co. (NASDAQ:INTC)

Intel Co. (NASDAQ:INTC - Get Free Report) experienced a notable rise in short interest during November. As of November 15th, the total short interest reached 117,710,000 shares, marking an increase of 11.5% from 105,530,000 shares on October 31st. With an average trading volume of 78,240,000 shares, the current short-interest ratio stands at 1.5 days.

Recent Performance of Intel Stock

In midday trading on Monday, Intel's stock increased by 1.7%, gaining $0.40 to reach $24.05. A total of 36,616,750 shares were traded, surpassing the average volume of 59,965,563. The company currently holds a market capitalization of $103.73 billion, a price-to-earnings ratio of -6.47, and a beta of 1.03. Additionally, Intel's debt-to-equity ratio is 0.44, its quick ratio is 0.97, and the current ratio is 1.31. Over the past year, the stock has seen a low of $18.51 and a high of $51.28. The 50-day simple moving average is $23.48, while the 200-day simple moving average is $25.85.

Intel's latest earnings report was released on October 31st, where the company reported earnings per share of -$0.46 for the quarter. This result fell short of the consensus expectation of -$0.02 per share by a significant margin of $0.44. Revenue for the quarter was noted at $13.30 billion, slightly exceeding analyst predictions of $13.02 billion. Intel has recorded a negative net margin of 29.42% and a negative return on equity of 1.71%, with its revenue decreasing by 6.3% year-over-year. The previous year, the company reported earnings per share of $0.28. Analysts are currently forecasting an average earnings per share of -$0.87 for this year.

Analyst Updates on Intel's Price Targets

Several brokerages have recently offered new insights on Intel's stock. Robert W. Baird recently raised its price target for Intel shares from $20.00 to $25.00 while maintaining a "neutral" rating as of November 1st. Deutsche Bank adjusted its price target down to $25.00 from $27.00, assigning a "hold" rating in a report published on October 3rd. Northland Securities reduced its target from $42.00 to $28.00, maintaining an "outperform" rating on November 1st. On the other hand, StockNews.com lowered Intel's rating from "hold" to "sell" on August 9th. Lastly, Rosenblatt Securities reiterated its "sell" rating with a set price target of $17.00 on October 29th. At present, six research analysts recommend selling the stock, twenty-five advise holding, and only one suggests buying, resulting in an overall consensus rating of "Hold" with an average price target of $30.12 based on MarketBeat data.

Insider Trading Activity

In insider news, Michelle Johnston Holthaus, Intel's Executive Vice President, sold 25,000 shares of the company on November 7th for an average price of $26.00, totaling $650,000. After this transaction, she now owns 273,258 shares valued at approximately $7,104,708, representing an 8.38% decrease in her ownership. This sale was officially recorded in SEC filings.

Institutional Investors' Moves

Recent changes in holdings by institutional investors reveal ongoing adjustments. Key Financial Inc increased its stake by 4.1% in the second quarter, now owning 8,685 shares valued at $269,000, having added 340 shares. W.G. Shaheen & Associates also boosted their holdings by 1.4%, now possessing 24,779 shares worth $767,000 after acquiring 348 additional shares. Cidel Asset Management increased its ownership by 0.6% for a total of 64,589 shares valued at $2,000,000. Alhambra Investment Management raised its shares by 5.9%, increasing holdings to 7,000 shares valued at $217,000. Lastly, Cambridge Advisors improved their stake by 2.4%, now owning 17,025 shares worth $527,000. Currently, 64.53% of Intel's shares are owned by institutional investors and hedge funds.

More About Intel Corporation

Intel Corporation specializes in designing, developing, manufacturing, marketing, and selling computing and related products and services worldwide. Its operational segments include Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. The product range comprises CPUs, chipsets, SoCs, mobile and desktop processors, GPUs, specialized accelerators, FPGAs, memory and storage solutions, and various semiconductor products.

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