Hancock Whitney Corp Sells 1,416 Shares of Intel Co. (NASDAQ:INTC)

Hancock Whitney Corp cut its position in Intel Co. (NASDAQ:INTC) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. William B. Walkup & Associates Inc. acquired a new stake in shares of Intel in the second quarter valued at approximately $2,178,000. Swiss National Bank lifted its holdings in Intel by 0.3% during the 3rd quarter. Swiss National Bank now owns 12,635,400 shares of the chip maker’s stock valued at $296,426,000 after purchasing an additional 31,800 shares during the last quarter. Fortis Group Advisors LLC lifted its holdings in Intel by 1,052.9% during the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock valued at $4,058,000 after purchasing an additional 157,991 shares during the last quarter. Mizuho Securities Co. Ltd. boosted its position in Intel by 2,910.4% during the third quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock worth $678,000 after purchasing an additional 27,940 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Intel by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,690,418 shares of the chip maker’s stock valued at $743,457,000 after purchasing an additional 2,248,332 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.04% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on INTC shares. Roth Mkm reduced their target price on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Argus cut Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. TD Cowen raised Intel to a “hold” rating in a report on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a report on Thursday, October 3rd. Six investment analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

Shares of Intel stock opened at $23.65 on Thursday. The company’s 50 day moving average price is $23.38 and its two-hundred day moving average price is $25.99. The firm has a market capitalization of $102.00 billion, a P/E ratio of -6.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week high of $51.28.

Intel (NASDAQ:INTC) last issued its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The company’s revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 EPS. On average, equities analysts forecast that Intel Co. will post -0.87 earnings per share for the current fiscal 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.