Intel Corporation Experiences a 5.4% Increase in Short Interest in April

In April, Intel Corporation (NASDAQ:INTC) saw a notable rise in short interest. The number of shares sold short reached 76,280,000 by April 15th, an increase of 5.4% from the 72,400,000 shares at the end of March. Considering the average daily trading volume of 48,570,000 shares, the days-to-cover ratio is presently at 1.6 days.

Intel Price Performance

On a recent trading day, Intel's stock opened at $30.51. Over the past year, it has fluctuated between a low of $26.85 and a high of $51.28. Currently, the stock's fifty-day moving average is $39.84 and the two-hundred-day moving average is $42.06. Intel has a market capitalization of around $129.88 billion, a price-to-earnings (PE) ratio of 31.78, a price-to-earnings-growth (PEG) ratio of 8.39, and a beta of 1.09.

Intel Dividend Announcement

Intel announced a quarterly dividend, scheduled for payment on June 1st to shareholders on record as of May 7th, at $0.125 per share. This is equivalent to a $0.50 annual dividend and a yield of 1.64%, with the ex-dividend date being May 6th. Intel maintains a payout ratio of 52.08%.

Insider Activity at Intel

CEO Patrick P. Gelsinger recently made a significant stock purchase, buying 4,100 shares at a price of $30.29 each, totalling $124,189. Following this, Gelsinger's holdings in Intel sum up to 39,375 shares, valued at approximately $1,192,668.75. This transaction, along with other insider purchases, is publicly filed with the SEC. Corporate insiders currently own about 0.04% of Intel's stock.

Institutional Inflows and Outflows

Recent shifts in Intel share ownership have been noted among institutional investors. Norges Bank acquired a new stake worth around $2.424 billion in the fourth quarter. Price T Rowe Associates Inc. MD boosted its stake by 543.5%, now holding 37,384,507 shares valued at roughly $1.879 billion. Other notable adjustments include California Public Employees Retirement System's holding increase by 102.6%, and Van ECK Associates Corp and Bank of New York Mellon Corp raising their stakes by 44.8% and 18.6%, respectively. Institutional investors currently hold 64.53% of the company's shares.

Analyst Upgrades and Downgrades

A range of analysts have reviewed Intel shares, resulting in varied ratings. While UBS Group and Citigroup have set neutral ratings with adjusted price targets, Raymond James and Barclays propose slightly reduced targets but maintain a positive outlook. Stifel Nicolaus remains on hold with a set price target. The average analysts' rating is currently a 'Hold' and the consensus price target stands at $39.75.

About Intel

Intel Corporation is a global powerhouse in the design, development, and sale of computing products and services. Its operations are divided into segments including Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Its product portfolio encompasses CPUs, chipsets, SoCs, multichip packages, processors, GPUs, accelerators, FPGAs, and a variety of semiconductor products.

Intel, ShortInterest, Stock