Mizuho Securities Co. Ltd. Increases Stake in Intel Co. (NASDAQ:INTC)

Mizuho Securities Co. Ltd. increased its position in Intel Co. (NASDAQ:INTC) by 2,035.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,270 shares of the chip maker’s stock after acquiring an additional 4,070 shares during the quarter. Intel comprises 0.8% of Mizuho Securities Co. Ltd.’s investment portfolio, making the stock its 28th largest holding. Mizuho Securities Co. Ltd.’s holdings in Intel were worth $215,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in INTC. F M Investments LLC bought a new position in Intel in the 4th quarter worth about $259,000. Financial Perspectives Inc boosted its stake in Intel by 7.6% in the 4th quarter. Financial Perspectives Inc now owns 5,221 shares of the chip maker’s stock worth $262,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC bought a new position in Intel in the 4th quarter worth about $1,345,000. Eudaimonia Advisors LLC boosted its stake in Intel by 18.0% in the 4th quarter. Eudaimonia Advisors LLC now owns 8,724 shares of the chip maker’s stock worth $438,000 after purchasing an additional 1,328 shares during the period. Finally, SlateStone Wealth LLC boosted its stake in Intel by 11.7% in the 4th quarter. SlateStone Wealth LLC now owns 59,152 shares of the chip maker’s stock worth $2,972,000 after purchasing an additional 6,205 shares during the period. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Intel Stock Down 0.4 %

Shares of NASDAQ INTC traded down $0.13 during mid-day trading on Tuesday, hitting $34.28. 46,719,967 shares of the stock traded hands, compared to its average volume of 46,893,191. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.15 and a current ratio of 1.54. Intel Co. has a 52 week low of $26.85 and a 52 week high of $51.28. The company has a market cap of $144.94 billion, a price-to-earnings ratio of 87.90, a PEG ratio of 3.07 and a beta of 1.00. The stock has a fifty day moving average price of $41.48 and a 200-day moving average price of $42.36.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.27. Intel had a return on equity of 1.64% and a net margin of 3.11%. The company had revenue of $15.40 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the company posted $0.10 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis. Research analysts anticipate that Intel Co. will post 0.61 EPS for the current year.

Intel Dividend Announcement

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

Insider Activity at Intel

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

Analyst Ratings Changes

INTC has been the subject of several analyst reports. Raymond James cut their target price on Intel from $54.00 to $52.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Mizuho dropped their price target on Intel from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Bank of America dropped their price target on Intel from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, April 12th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target on shares of Intel in a research report on Wednesday, April 3rd. Finally, Rosenblatt Securities reiterated a “sell” rating and set a $17.00 price target on shares of Intel in a research report on Friday, February 23rd. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.38.

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.