Hills Bank & Trust Co. boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 3.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,853 shares of the chip maker’s stock after buying an additional 3,340 shares during the quarter. Intel comprises 1.4% of Hills Bank & Trust Co.’s portfolio, making the stock its 21st biggest holding. Hills Bank & Trust Co.’s holdings in Intel were worth $4,655,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of INTC. Vanguard Group Inc. grew its position in shares of Intel by 2.5% in the second quarter. Vanguard Group Inc. now owns 333,500,073 shares of the chip maker’s stock valued at $11,252,292,000 after purchasing an additional 8,087,302 shares during the last quarter. Capital World Investors grew its position in Intel by 5.5% during the second quarter. Capital World Investors now owns 197,750,361 shares of the chip maker’s stock worth $6,672,097,000 after buying an additional 10,257,260 shares in the last quarter. Capital Research Global Investors grew its position in Intel by 9.1% during the second quarter. Capital Research Global Investors now owns 128,581,621 shares of the chip maker’s stock worth $4,338,344,000 after buying an additional 10,744,753 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Intel by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 50,998,381 shares of the chip maker’s stock worth $1,941,934,000 after buying an additional 397,082 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Intel by 2.0% during the third quarter. Legal & General Group Plc now owns 26,011,028 shares of the chip maker’s stock worth $990,439,000 after buying an additional 502,225 shares in the last quarter. 69.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Intel Co. (NASDAQ INTC) opened at $51.17 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.69 and a debt-to-equity ratio of 0.36. The firm has a market cap of $237,507.84, a P/E ratio of 25.84, a P/E/G ratio of 1.72 and a beta of 1.01. Intel Co. has a fifty-two week low of $33.23 and a fifty-two week high of $53.78.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 1st. Investors of record on Monday, May 7th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Friday, May 4th. Intel’s dividend payout ratio is currently 60.61%.
A number of equities research analysts recently weighed in on the company. Vetr raised Intel from a “hold” rating to a “buy” rating and set a $54.41 target price on the stock in a research report on Monday, March 12th. Bank of America reissued a “buy” rating and set a $61.00 target price (up from $52.00) on shares of Intel in a research report on Thursday, March 8th. UBS set a $51.00 target price on Intel and gave the stock a “buy” rating in a research report on Monday, January 29th. BidaskClub raised Intel from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 9th. Finally, ValuEngine downgraded Intel from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 7th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $50.04.
In related news, insider Venkata S. M. Renduchintala sold 17,946 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $49.07, for a total value of $880,610.22. Following the completion of the sale, the insider now owns 1,536 shares of the company’s stock, valued at $75,371.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian M. Krzanich sold 5,873 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $45.58, for a total transaction of $267,691.34. Following the completion of the sale, the chief executive officer now directly owns 259,082 shares of the company’s stock, valued at approximately $11,808,957.56. The disclosure for this sale can be found here. In the last three months, insiders sold 123,914 shares of company stock valued at $6,011,490. 0.08% of the stock is currently owned by company insiders.
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Intel Company Profile
Intel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company’s segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG).
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