Intel Co. (NASDAQ:INTC) Shares Sold by Hills Bank & Trust Co

Hills Bank & Trust Co lessened its stake in Intel Co. (NASDAQ:INTC) by 4.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 48,505 shares of the chip maker’s stock after selling 2,046 shares during the period. Hills Bank & Trust Co’s holdings in Intel were worth $973,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its stake in shares of Intel by 13.1% in the third quarter. Harbour Investments Inc. now owns 41,341 shares of the chip maker’s stock worth $970,000 after acquiring an additional 4,793 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Intel by 19.5% in the third quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock worth $1,129,000 after acquiring an additional 7,861 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Intel by 8.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 118,197 shares of the chip maker’s stock worth $2,773,000 after acquiring an additional 9,532 shares in the last quarter. Balboa Wealth Partners grew its stake in shares of Intel by 16.0% in the third quarter. Balboa Wealth Partners now owns 24,883 shares of the chip maker’s stock worth $584,000 after acquiring an additional 3,435 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Intel by 6.2% in the third quarter. CIBC Asset Management Inc now owns 1,324,899 shares of the chip maker’s stock worth $31,082,000 after acquiring an additional 76,855 shares in the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

Intel Price Performance

Shares of NASDAQ:INTC opened at $24.05 on Friday. The stock has a market capitalization of $104.14 billion, a price-to-earnings ratio of -5.49 and a beta of 1.02. Intel Co. has a one year low of $18.51 and a one year high of $45.41. The company has a 50-day simple moving average of $21.45 and a 200-day simple moving average of $21.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. On average, analysts predict that Intel Co. will post -0.11 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Mizuho lowered their target price on shares of Intel from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, January 10th. Citigroup lowered their target price on shares of Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 21st. Roth Mkm lowered their target price on shares of Intel from $25.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $19.00 to $25.00 in a research note on Thursday. Finally, Cantor Fitzgerald boosted their target price on shares of Intel from $22.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 18th. Four investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intel currently has an average rating of “Hold” and an average price target of $27.04.

Intel Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.