Recent insider trends for Intel Corporation (NASDAQ:INTC) have caught the attention of investors. Analysts study insider data to get a sense of sense of what key shareholders think about the outlook for a particular stock. In the case of INTC, the data has some interesting implications for where the stock might be headed.
Institutions own 68.72% of Intel Corporation (INTC)’s shares. The total value of these holdings, in millions, is $146,535. Among active positions in the latest quarter, 1,083 holders increased their positions by a total of 180.34 million shares, 977 holders decreased the positions by a total of 140.44 million shares, and 157 holders held their positions. This works out to a net increase in ownership of 39.9 million shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 277 holders initiated new positions by a total of 35.48 million shares and 66 holders exited their positions by a total of 8.05 million shares. This nets out to an increase of 27.44 million shares and is a bullish sign for INTC.
In the last three months, insiders executed a total of 30 trades. 30 were sells. Insider ownership decreased by a total of 978710 shares, which suggests that INTC’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 1 buys and 110 sells, and ownership decreased by a net of 2.6 million shares.
Analysts often look at short interest, or the number of shares currently being shorted by investors, to aid in their outlook for a particular stock. Intel Corporation (NASDAQ:INTC)’s short interest is 104.77 million shares, or 2.24% of the float. This represents a decrease of -2% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that INTC is a buy, which implies that INTC is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Intel Corporation (NASDAQ:INTC) is undervalued.