Intel Co. (NASDAQ:INTC) Shares Bought by Mizuho Securities Co. Ltd.

Mizuho Securities Co. Ltd. lifted its stake in Intel Co. (NASDAQ:INTC) by 2,910.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,900 shares of the chip maker’s stock after acquiring an additional 27,940 shares during the period. Intel accounts for approximately 1.7% of Mizuho Securities Co. Ltd.’s holdings, making the stock its 18th biggest position. Mizuho Securities Co. Ltd.’s holdings in Intel were worth $678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INTC. William B. Walkup & Associates Inc. acquired a new stake in shares of Intel during the second quarter valued at approximately $2,178,000. Fortis Group Advisors LLC boosted its holdings in shares of Intel by 1,052.9% during the 3rd quarter. Fortis Group Advisors LLC now owns 172,996 shares of the chip maker’s stock worth $4,058,000 after buying an additional 157,991 shares during the period. Private Advisory Group LLC bought a new stake in Intel in the 3rd quarter valued at $8,045,000. Tyler Stone Wealth Management boosted its holdings in Intel by 105.4% in the 3rd quarter. Tyler Stone Wealth Management now owns 41,276 shares of the chip maker’s stock valued at $968,000 after purchasing an additional 21,177 shares during the period. Finally, Catalyst Capital Advisors LLC raised its stake in shares of Intel by 1,110.8% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 49,522 shares of the chip maker’s stock valued at $1,162,000 after buying an additional 45,432 shares in the last quarter. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Argus cut shares of Intel from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. UBS Group reduced their price objective on shares of Intel from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Mizuho raised their target price on shares of Intel from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. StockNews.com downgraded shares of Intel from a “hold” rating to a “sell” rating in a report on Friday, August 9th. Finally, The Goldman Sachs Group cut their price objective 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. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.12.

Insider Buying and Selling at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now directly owns 273,258 shares in the company, valued at $7,104,708. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.04% of the company’s stock.

Intel Trading Up 1.0 %

Shares of INTC stock traded up $0.24 during trading hours on Wednesday, hitting $24.40. 17,304,883 shares of the company were exchanged, compared to its average volume of 59,948,535. The firm has a market cap of $105.24 billion, a P/E ratio of -6.56 and a beta of 1.03. Intel Co. has a fifty-two week low of $18.51 and a fifty-two week 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 50 day simple moving average of $22.36 and a two-hundred day simple moving average of $26.43.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate 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 company had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. During the same period last year, the business earned $0.28 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. Equities analysts anticipate that Intel Co. will post -0.83 EPS for the current year.

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.