HL Financial Services LLC Has $12.30 Million Position in Intel Co. (INTC)
HL Financial Services LLC boosted its position in shares of Intel Co. (NASDAQ:INTC) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,928 shares of the chip maker’s stock after purchasing an additional 5,387 shares during the period. HL Financial Services LLC’s holdings in Intel were worth $12,297,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of INTC. Papp L Roy & Associates boosted its position in Intel by 1.2% in the 2nd quarter. Papp L Roy & Associates now owns 68,065 shares of the chip maker’s stock valued at $2,297,000 after buying an additional 800 shares during the period. Crescent Grove Advisors LLC purchased a new stake in Intel in the 2nd quarter valued at about $555,000. United Bank boosted its position in Intel by 108.0% in the 2nd quarter. United Bank now owns 43,841 shares of the chip maker’s stock valued at $1,479,000 after buying an additional 22,765 shares during the period. Chicago Partners Investment Group LLC boosted its position in Intel by 182.1% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 15,097 shares of the chip maker’s stock valued at $530,000 after buying an additional 9,746 shares during the period. Finally, Murphy Pohlad Asset Management LLC boosted its position in Intel by 15.6% in the 2nd quarter. Murphy Pohlad Asset Management LLC now owns 120,889 shares of the chip maker’s stock valued at $4,078,000 after buying an additional 16,340 shares during the period. Institutional investors own 67.48% of the company’s stock.
Shares of Intel Co. (NASDAQ:INTC) opened at $45.75 on Tuesday. The company has a market cap of $209,757.59, a price-to-earnings ratio of 16.00, a P/E/G ratio of 1.62 and a beta of 1.06. The company has a current ratio of 1.60, a quick ratio of 1.27 and a debt-to-equity ratio of 0.39. Intel Co. has a 52-week low of $33.23 and a 52-week high of $47.64.
Several equities research analysts have issued reports on the stock. Vetr cut shares of Intel from a “strong-buy” rating to a “buy” rating and set a $49.51 price objective for the company. in a research report on Wednesday, January 17th. Argus reaffirmed a “buy” rating and issued a $50.00 price target on shares of Intel in a research report on Friday, January 5th. BidaskClub raised shares of Intel from a “hold” rating to a “buy” rating in a research report on Saturday. Mizuho reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of Intel in a research report on Monday, October 9th. Finally, JPMorgan Chase & Co. set a $53.00 price target on shares of Intel and gave the stock a “buy” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-nine have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $44.77.
In other Intel news, EVP Diane M. Bryant sold 2,119 shares of the stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $41.06, for a total transaction of $87,006.14. Following the transaction, the executive vice president now directly owns 114,091 shares of the company’s stock, valued at $4,684,576.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stacy J. Smith sold 472,337 shares of the stock in a transaction on Monday, October 30th. The shares were sold at an average price of $44.23, for a total transaction of $20,891,465.51. Following the transaction, the insider now directly owns 265,298 shares in the company, valued at $11,734,130.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,485,415 shares of company stock worth $65,733,081. Insiders own 0.08% of the company’s stock.
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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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