Shares of Intel rose to $47.24 during today's morning trading session. Despite the 2.6% change, the large-cap Semiconductors company still trades 13.91% above its average analyst target price of $41.47. So there may be further downside for the Semiconductors stock. Intel has target prices ranging from $17.0 to $68.0 per share, and its average rating is hold.
Intel's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.7%. The stock's short ratio is 1.71. At 0.06%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 66.1%. In conclusion, we believe there is negative market sentiment regarding Intel.
Institutions Invested in Intel
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 381,109,738 | $18,003,624,662 |
| 2023-09-30 | Blackrock Inc. | 8% | 332,097,759 | $15,688,298,692 |
| 2023-09-30 | State Street Corporation | 4% | 178,570,402 | $8,435,666,090 |
| 2023-09-30 | Capital International Investors | 2% | 96,299,456 | $4,549,186,463 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 86,779,338 | $4,099,456,072 |
| 2023-09-30 | Capital Research Global Investors | 2% | 75,219,668 | $3,553,377,242 |
| 2023-09-30 | Primecap Management Company | 2% | 74,762,291 | $3,531,770,752 |
| 2023-09-30 | Morgan Stanley | 1% | 47,374,276 | $2,237,960,877 |
| 2023-09-30 | Northern Trust Corporation | 1% | 46,003,776 | $2,173,218,455 |
| 2022-12-31 | Norges Bank Investment Management | 1% | 41,352,218 | $1,953,478,847 |
