Hancock Whitney Corp Has $458,000 Stake in Intel Co. (NASDAQ:INTC)

Hancock Whitney Corp reduced its position in Intel Co. (NASDAQ:INTC) by 6.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,536 shares of the chip maker’s stock after selling 1,416 shares during the quarter. Hancock Whitney Corp’s holdings in Intel were worth $458,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of INTC. America First Investment Advisors LLC acquired a new position in Intel in the second quarter valued at approximately $25,000. Cyrus J. Lawrence LLC bought a new stake in shares of Intel in the 2nd quarter valued at $27,000. Spartan Fund Management Inc. acquired a new position in shares of Intel during the 2nd quarter valued at $31,000. Financial Connections Group Inc. bought a new position in Intel during the second quarter worth $32,000. Finally, Triad Wealth Partners LLC acquired a new stake in Intel in the second quarter worth $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

INTC has been the topic of a number of research analyst reports. Argus cut shares of Intel from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Needham & Company LLC reissued a “hold” rating on shares of Intel in a research note on Friday, November 1st. New Street Research lowered Intel from a “buy” rating to a “neutral” rating in a research report on Friday, August 2nd. Susquehanna reduced their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Raymond James downgraded shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $30.12.

Insider Buying and Selling

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.04% of the stock is currently owned by insiders.

Intel Trading Down 1.7 %

Shares of INTC stock opened at $23.65 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. The firm has a market cap of $102.00 billion, a P/E ratio of -6.36 and a beta of 1.03. The company has a 50 day moving average of $23.38 and a 200-day moving average of $25.99. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28.

Intel (NASDAQ:INTC) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The firm had revenue of $13.30 billion during the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the business earned $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Sell-side analysts anticipate that Intel Co. will post -0.87 earnings per share for the current year.

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.