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

Hills Bank & Trust Co reduced its stake in shares of Intel Co. (NASDAQ:INTC) by 4.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 48,505 shares of the chip maker’s stock after selling 2,046 shares during the quarter. Hills Bank & Trust Co’s holdings in Intel were worth $973,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in INTC. Quest Partners LLC grew its position in shares of Intel by 7,370.6% in the third quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel in the fourth quarter valued at approximately $27,000. BankPlus Trust Department acquired a new stake in shares of Intel in the fourth quarter valued at approximately $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of Intel in the fourth quarter valued at approximately $29,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INTC has been the topic of several research reports. Rosenblatt Securities reiterated a “sell” rating and issued a $20.00 price target on shares of Intel in a research report on Thursday, January 30th. Wells Fargo & Company lowered their price target on shares of Intel from $28.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Friday, January 31st. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 31st. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $19.00 to $25.00 in a research report on Thursday. Finally, Stifel Nicolaus decreased their target price on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Intel currently has a consensus rating of “Hold” and a consensus target price of $27.04.

Intel Stock Performance

Shares of INTC stock opened at $24.05 on Friday. The company’s fifty day simple moving average is $21.45 and its 200-day simple moving average is $21.84. Intel Co. has a 52 week low of $18.51 and a 52 week high of $45.41. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The company has a market cap of $104.14 billion, a PE ratio of -5.49 and a beta of 1.02.

Intel (NASDAQ:INTC) last released 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%. As a group, equities research analysts anticipate that Intel Co. will post -0.11 EPS for the current year.

About Intel

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.