Mizuho Securities Co. Ltd. Buys 4,070 Shares of Intel Co. (NASDAQ:INTC)

Mizuho Securities Co. Ltd. raised its stake in Intel Co. (NASDAQ:INTC) by 2,035.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,270 shares of the chip maker’s stock after purchasing an additional 4,070 shares during the period. Intel makes up approximately 0.8% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 28th biggest position. Mizuho Securities Co. Ltd.’s holdings in Intel were worth $215,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of INTC. California Public Employees Retirement System raised its stake in shares of Intel by 102.6% in the 4th quarter. California Public Employees Retirement System now owns 16,074,760 shares of the chip maker’s stock valued at $807,757,000 after buying an additional 8,140,835 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Intel by 18.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 38,720,686 shares of the chip maker’s stock valued at $1,376,520,000 after buying an additional 6,064,950 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Intel by 17.8% in the 3rd quarter. Wellington Management Group LLP now owns 34,564,037 shares of the chip maker’s stock valued at $1,228,752,000 after buying an additional 5,217,549 shares in the last quarter. Alecta Tjanstepension Omsesidigt acquired a new position in shares of Intel in the 4th quarter valued at $251,250,000. Finally, Parnassus Investments LLC raised its stake in shares of Intel by 24.7% in the 3rd quarter. Parnassus Investments LLC now owns 23,369,134 shares of the chip maker’s stock valued at $830,773,000 after buying an additional 4,631,905 shares in the last quarter. 64.53% of the stock is owned by institutional investors.

Intel Trading Down 0.4 %

Shares of NASDAQ INTC traded down $0.13 during mid-day trading on Tuesday, hitting $34.28. The company’s stock had a trading volume of 46,719,967 shares, compared to its average volume of 46,893,191. The stock has a market cap of $144.94 billion, a price-to-earnings ratio of 87.90, a price-to-earnings-growth ratio of 3.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.54 and a quick ratio of 1.15. Intel Co. has a one year low of $26.85 and a one year high of $51.28. The company’s fifty day simple moving average is $41.48 and its 200-day simple moving average is $42.36.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the firm earned $0.10 EPS. Intel’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Intel Co. will post 0.61 earnings per share for the current fiscal year.

Intel Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Wednesday, February 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, February 6th. Intel’s payout ratio is 128.21%.

Insider Buying and Selling

In other news, CEO Patrick P. Gelsinger acquired 2,800 shares of Intel stock in a transaction that occurred on Thursday, February 1st. The shares were acquired at an average price of $42.74 per share, with a total value of $119,672.00. Following the purchase, the chief executive officer now directly owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were purchased at an average price of $43.36 per share, with a total value of $130,080.00. Following the completion of the purchase, the chief executive officer now owns 28,475 shares in the company, valued at approximately $1,234,676. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was bought at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the purchase, the chief executive officer now owns 31,275 shares of the company’s stock, valued at approximately $1,336,693.50. The disclosure for this purchase can be found here. 0.04% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INTC. Barclays increased their price objective on shares of Intel from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Susquehanna dropped their target price on shares of Intel from $42.00 to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, April 17th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research report on Friday, January 26th. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $17.00 target price on shares of Intel in a research report on Friday, February 23rd. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Intel currently has a consensus rating of “Hold” and an average target price of $42.38.

Intel Company 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.