Trustmark National Bank Trust Department Has $474,000 Holdings in Intel Co. (NASDAQ:INTC)

Trustmark National Bank Trust Department lessened its holdings in Intel Co. (NASDAQ:INTC - Free Report) by 62.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,211 shares of the chip maker's stock after selling 33,636 shares during the quarter. Trustmark National Bank Trust Department's holdings in Intel were worth $474,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. America First Investment Advisors LLC acquired a new stake in shares of Intel in the 2nd quarter valued at $25,000. Cyrus J. Lawrence LLC acquired a new stake in shares of Intel in the 2nd quarter valued at $27,000. Spartan Fund Management Inc. acquired a new stake in shares of Intel in the 2nd quarter valued at $31,000. Financial Connections Group Inc. acquired a new stake in shares of Intel in the 2nd quarter valued at $32,000. Finally, Triad Wealth Partners LLC acquired a new position in Intel during the 2nd quarter worth about $33,000. Institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INTC. The Goldman Sachs Group reduced their price target on shares of Intel from $22.00 to $21.00 and set a "sell" rating on the stock in a research report on Thursday, October 17th. StockNews.com downgraded shares of Intel from a "hold" rating to a "sell" rating in a research report on Friday, August 9th. JPMorgan Chase & Co. reduced their price target on shares of Intel from $35.00 to $26.00 and set an "underweight" rating on the stock in a research report on Friday, August 2nd. Morgan Stanley reduced their price target on shares of Intel from $36.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Friday, August 2nd. Finally, TD Cowen upgraded shares of Intel to a "hold" rating in a research report on Monday, September 16th. Six equities research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Intel presently has an average rating of "Hold" and an average target price of $30.12.

Intel Stock Up 0.2 %

NASDAQ INTC traded up $0.06 during trading hours on Friday, reaching $24.50. 36,638,235 shares of the company's stock were exchanged, compared to its average volume of 59,914,227. The company's 50-day moving average is $23.19 and its two-hundred day moving average is $26.14. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.97 and a current ratio of 1.31. The company has a market capitalization of $105.67 billion, a price-to-earnings ratio of -6.59 and a beta of 1.03.

Intel (NASDAQ:INTC - Get Free Report) last posted 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 business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same period in the previous year, the company posted $0.28 earnings per share. Intel's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts forecast that Intel Co. will post -0.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company's stock, valued at approximately $7,104,708. This represents a 8.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.04% of the company's stock.

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.