Intel Corp. (NASDAQ:INTC) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 75,473,183 shares, an increase of 13.7% from the August 31st total of 66,388,855 shares. Based on an average daily trading volume, of 21,137,793 shares, the short-interest ratio is currently 3.6 days. Currently, 1.6% of the company’s stock are short sold.
A number of research firms have weighed in on INTC. BlueFin Research restated a “buy” rating on shares of Intel Corp. in a report on Monday. KeyCorp upped their price target on Intel Corp. from $42.00 to $44.00 and gave the stock an “overweight” rating in a research report on Monday. Vetr raised Intel Corp. from a “buy” rating to a “strong-buy” rating and set a $41.44 price target on the stock in a research report on Monday, September 26th. RBC Capital Markets reaffirmed a “sector perform” rating and set a $38.00 price target on shares of Intel Corp. in a research report on Monday, September 26th. Finally, Zacks Investment Research raised Intel Corp. from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Monday, September 26th. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Intel Corp. presently has a consensus rating of “Buy” and an average price target of $39.46.
Shares of Intel Corp. (NASDAQ:INTC) opened at 37.54 on Wednesday. The company has a 50-day moving average of $36.30 and a 200-day moving average of $33.37. The stock has a market capitalization of $177.60 billion, a PE ratio of 18.21 and a beta of 1.09. Intel Corp. has a 12 month low of $27.68 and a 12 month high of $38.05.
Intel Corp. (NASDAQ:INTC) last issued its quarterly earnings results on Wednesday, July 20th. The chip maker reported $0.59 EPS for the quarter, topping the consensus estimate of $0.53 by $0.06. Intel Corp. had a net margin of 17.84% and a return on equity of 19.99%. The firm earned $13.50 billion during the quarter, compared to analyst estimates of $13.54 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. Intel Corp.’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, equities research analysts expect that Intel Corp. will post $2.58 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Monday, November 7th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Thursday, November 3rd. Intel Corp.’s dividend payout ratio (DPR) is 50.24%.
In other Intel Corp. news, VP Gregory R. Pearson sold 1,506 shares of the company’s stock in a transaction on Friday, July 22nd. The stock was sold at an average price of $34.46, for a total transaction of $51,896.76. Following the completion of the sale, the vice president now owns 84,505 shares in the company, valued at $2,912,042.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Gregory R. Pearson sold 250,192 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $36.50, for a total value of $9,132,008.00. Following the sale, the vice president now owns 92,826 shares of the company’s stock, valued at approximately $3,388,149. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its position in shares of Intel Corp. by 0.8% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 39,980 shares of the chip maker’s stock valued at $1,293,000 after buying an additional 324 shares during the period. Heritage Investors Management Corp raised its position in shares of Intel Corp. by 0.6% in the first quarter. Heritage Investors Management Corp now owns 705,232 shares of the chip maker’s stock valued at $22,814,000 after buying an additional 4,335 shares during the period. Bath Savings Trust Co raised its position in shares of Intel Corp. by 0.7% in the first quarter. Bath Savings Trust Co now owns 19,192 shares of the chip maker’s stock valued at $621,000 after buying an additional 125 shares during the period. R.H. Dinel Investment Counsel Inc. raised its position in shares of Intel Corp. by 11.5% in the first quarter. R.H. Dinel Investment Counsel Inc. now owns 41,875 shares of the chip maker’s stock valued at $1,355,000 after buying an additional 4,325 shares during the period. Finally, Atalanta Sosnoff Capital LLC bought a new position in shares of Intel Corp. during the first quarter valued at approximately $24,571,000. 64.77% of the stock is owned by hedge funds and other institutional investors.
Intel Corp. Company Profile
Intel Corporation is engaged in the design and manufacture of digital technology platforms. The Company’s segments include Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Software and Services (SSG) and All Other. CCG segment includes platforms designed for notebooks (including Ultrabook devices), 2 in 1 systems, desktops (including all-in-ones and personal computers (PCs)), tablets, phones, wireless and wired connectivity products, and mobile communication components.
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