Intel Co. (NASDAQ:INTC) Short Interest Update

Intel Co. (NASDAQ:INTC) saw a significant decline in short interest in March. As of March 31st, there was short interest totalling 113,620,000 shares, a decline of 15.1% from the March 15th total of 133,760,000 shares. Currently, 2.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 107,060,000 shares, the short-interest ratio is currently 1.1 days.

Intel Price Performance

INTC stock opened at $19.51 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $22.17 and its 200 day simple moving average is $21.91. Intel has a 12-month low of $17.67 and a 12-month high of $37.16. The firm has a market cap of $85.08 billion, a price-to-earnings ratio of -4.45 and a beta of 1.13.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts expect that Intel will post -0.11 earnings per share for the current year.

Hedge Funds Weigh In On Intel

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cornerstone Advisory LLC increased its stake in Intel by 4.3% during the 4th quarter. Cornerstone Advisory LLC now owns 9,863 shares of the chip maker’s stock valued at $198,000 after purchasing an additional 409 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Intel by 1.0% during the 4th quarter. Evergreen Capital Management LLC now owns 41,904 shares of the chip maker’s stock worth $840,000 after purchasing an additional 419 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Intel by 0.3% in the 4th quarter. Federated Hermes Inc. now owns 162,757 shares of the chip maker’s stock worth $3,263,000 after buying an additional 456 shares during the last quarter. CFM Wealth Partners LLC grew its position in Intel by 4.0% during the fourth quarter. CFM Wealth Partners LLC now owns 13,114 shares of the chip maker’s stock valued at $263,000 after buying an additional 500 shares during the period. Finally, Ausdal Financial Partners Inc. increased its holdings in Intel by 2.0% during the fourth quarter. Ausdal Financial Partners Inc. now owns 24,963 shares of the chip maker’s stock worth $501,000 after buying an additional 500 shares during the last quarter. Institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INTC. Citigroup lowered their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 21st. Barclays reissued a “reduce” rating on shares of Intel in a report on Tuesday. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 price target on shares of Intel in a research note on Thursday, January 30th. Sanford C. Bernstein reduced their price objective on shares of Intel from $25.00 to $21.00 and set a “market perform” rating on the stock in a research note on Tuesday. Finally, Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.25.

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.