In the latest fortnight, short interest in Intel Corporation (NASDAQ:INTC) stock jumped by 5.15%, indicating a significant rise in bearish sentiment. When it comes to determining how a name is viewed by investors, short interest is often a useful tool. The average analyst recommendations at 2.6 suggests buying these shares. Between December 14 and December 31, the total number of shorted shares amounted to 68.44 million shares. That was 3,351,324 more shares than the total of 65.08 million shares in the space of prior two weeks, which means more traders or funds betting that the stock will go down. Average daily volume for INTC at the December 31st settlement jumped to 30,897,578, as compared to 28,462,146 at the December 14th report. That brought days to cover to 2.214899, a 3.14% decrease from the 2.286675 days to cover recorded at the prior short interest data release.
Intel Corporation (INTC) will probably climb 11.51 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $70-month high price target. This represents a whopping 43.06 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $55, which represents a return potential of 12.41 percent when compared to the closing price of the stock of $48.93 on Friday, January 11. The lowest price target for the stock is $40 — slightly more than -18.25 percent from INTC’s current share price.
The stock is currently hovering around the first support level of $48.22. Below this, the next support is placed in the zone of $47.52. Till the time, the INTC stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 57.64 on daily chart, which may remain a cause for concern. If the price breaks below $47.52 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $49.46 mark may result into a pull-back move towards $50 level.
On 11th of January, Intel Corporation (NASDAQ:INTC) shares ended higher after a volatile session. The shares accumulated 0.37 points or 0.76 percent at $48.93 with a light trade volume of 21.415 million shares. After opening the session at $48.1, the shares went as high as $49.291 and as low as $48.05, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $224 billion and now has 4.57 billion shares outstanding. Intel Corporation (INTC) stock has gained 3.27 percent of market value in 21 trading days.
INTC stock has a trailing 3-year beta of 0.8, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $4.31 a share in the trailing twelve months. The stock’s value has surged 4.26 percent year to date (YTD) against a rise of 15.13 percent in 12 month’s time. The company’s shares still trade -15.05 percent away from its 1-year high of $57.60 and 16.39 percent up from 52-week low of $42.04. The average consensus rating on the company is 2.6, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Intel Corporation (INTC) are trading at a P/E ratio of 15.19 times earnings reported for the past 12 months. The industry INTC operates in has an average P/E of 14.37. Its P/E ratio went as low as 9.49X and as high as 17.14 over the 5-year span. Further, it is sporting a 3.23 on the Price-to-Sales ratio. Compare this with the industry average P/S of 11.59. 62.5 percent is the gross profit margin for Intel Corporation and operating margin sits at 31.9 percent. Along with this, the net profit margin is 21.9 percent.
Let’s take a look at some insider activity at Intel Corporation (NASDAQ:INTC) and see the pattern. The earliest insider trade took place on 12/18/2018. Shenoy Navin parted with a total of 8.55 thousand shares of company at average share price of $47.93. The total for the sales was set at $409.9 thousand. After this transaction, the EVP, GM – Data Center Group account balance stood at 49.91 thousand shares. The stock grew 2.09 percent since that insider sale. On 12/06/2018, Swan Robert Holmes, Interim CEO [CFO], purchased 5.26 thousand shares at a price per share of $46.74. This added 245.99 thousand shares to the insider’s fortune and the stock saw a 4.69 percent rally in value since the news became public. This transaction left 140.47 thousand shares in the Interim CEO [CFO] account.
On 12/03/2018, EVP, GM – Data Center Group Shenoy Navin performed a sale transaction worth $226.1 thousand. This sale at $50 each has eliminated 4.52 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -2.14 percent decrease since the transaction was reported. The insider now is left with 49.91 thousand shares remaining in the account. Swan Robert Holmes, who performs the Interim CEO [CFO] job, bought 5.12 thousand shares for $247.15 thousand. The acquisition occurred on 11/29/2018 was priced at $48.3 per share. The share price soared 1.3 percent since the reporting date. Swan Robert Holmes now left with a stake of 135.2 thousand INTC stock worth $6.62 million after the insider buying.