Mizuho Securities Co. Ltd. Purchases Shares of 1,400 Intel Corporation (NASDAQ:INTC)

Mizuho Securities Co. Ltd. purchased a new stake in Intel Corporation (NASDAQ:INTC) in the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 1,400 shares of the chip maker’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INTC. Synergy Investment Management LLC purchased a new position in Intel in the 4th quarter valued at approximately $27,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel in the 4th quarter valued at $27,000. BankPlus Trust Department acquired a new stake in shares of Intel in the 4th quarter valued at $28,000. Conquis Financial LLC acquired a new stake in shares of Intel in the 4th quarter valued at $32,000. Finally, Pillar Financial Advisors LLC acquired a new stake in shares of Intel in the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Trading Down 1.9%

NASDAQ INTC opened at $21.08 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 1.31. The firm has a market cap of $91.95 billion, a PE ratio of -4.71 and a beta of 1.12. Intel Corporation has a one year low of $17.67 and a one year high of $37.16. The firm’s fifty day moving average is $20.53 and its two-hundred day moving average is $21.08.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, April 24th. The chip maker reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.12. The company had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative net margin of 36.19% and a negative return on equity of 3.15%. Intel’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.18 earnings per share. Analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Citigroup restated a “sell” rating on shares of Intel in a report on Friday, April 25th. Seaport Res Ptn upgraded shares of Intel to a “strong sell” rating in a report on Wednesday, April 30th. Bank of America upgraded shares of Intel from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $19.00 to $25.00 in a report on Thursday, March 13th. Barclays restated a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. Finally, Susquehanna reduced their price objective on shares of Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Six 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 company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.57.

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.