This afternoon we watched Intel rise 8.2% to a price of $21.77 per share. The Large-Cap Semiconductors company is now trading -16.44% below its average target price of $26.06. Analysts have set target prices ranging from $17.0 to $58.53 per share for Intel, and have given the stock an average rating of hold.
The stock has an average amount of shares sold short at 2.8%, and a short ratio of 1.51. At 0.06%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 67.7% of Intel's shares being owned by this investor type.
Institutions Invested in Intel
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 9% | 393,487,196 | $8,568,183,542 |
| 2024-06-30 | Blackrock Inc. | 8% | 361,670,517 | $7,875,375,369 |
| 2024-06-30 | State Street Corporation | 4% | 192,540,986 | $4,192,579,896 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 88,406,545 | $1,925,052,483 |
| 2024-06-30 | Primecap Management Company | 2% | 77,822,587 | $1,694,586,802 |
| 2024-06-30 | Capital Research Global Investors | 2% | 67,131,399 | $1,461,786,187 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 59,377,400 | $1,292,942,862 |
| 2024-06-30 | Morgan Stanley | 1% | 55,243,487 | $1,202,926,908 |
| 2024-06-30 | UBS Asset Management Americas Inc | 1% | 45,604,104 | $993,029,347 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 1% | 43,576,558 | $948,879,533 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Intel.
