Mizuho Markets Americas LLC Acquires 702,115 Shares of Intel Corporation (NASDAQ:INTC)

Key Points

• Mizuho Markets Americas LLC increased its holdings in Intel Corporation by 11.5% during the 1st quarter, now owning approximately 6.8 million shares valued at around $154.5 million.
• Intel’s latest earnings report showed a loss of $0.10 per share, falling short of analysts' expectations, despite revenue growing by 0.5% year-over-year to $12.86 billion.
• Analysts maintain a cautious stance on Intel, with six rating the stock as a sell, twenty-three as a hold, and only one as a buy, reflecting a consensus rating of "Hold" with an average target price of $22.17.

Mizuho Markets Americas LLC increased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,804,595 shares of the chip maker's stock after buying an additional 702,115 shares during the period. Intel comprises approximately 3.2% of Mizuho Markets Americas LLC's holdings, making the stock its 8th largest holding. Mizuho Markets Americas LLC owned about 0.16% of Intel worth $154,532,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in INTC. N.E.W. Advisory Services LLC bought a new stake in Intel during the first quarter valued at about $25,000. Vermillion Wealth Management Inc. acquired a new stake in Intel in the fourth quarter worth about $27,000. MJT & Associates Financial Advisory Group Inc. acquired a new stake in Intel in the first quarter worth about $27,000. LFA Lugano Financial Advisors SA acquired a new stake in Intel in the first quarter worth about $30,000. Finally, Olde Wealth Management LLC acquired a new stake in Intel in the first quarter worth about $31,000. Hedge funds and other institutional investors own 64.53% of the company's stock.

Intel Trading Up 0.9%

NASDAQ:INTC traded up $0.18 during trading hours on Friday, hitting $19.95. The company had a trading volume of 75,147,129 shares, compared to its average volume of 84,513,864. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The company has a 50-day moving average of $21.56 and a 200 day moving average of $21.48. The company has a market cap of $87.32 billion, a P/E ratio of -4.18 and a beta of 1.22. Intel Corporation has a 1 year low of $17.67 and a 1 year high of $27.55.

Intel (NASDAQ:INTC - Get Free Report) last issued its earnings results on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The company had revenue of $12.86 billion during the quarter, compared to analysts' expectations of $11.88 billion. Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The firm's quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 earnings per share. Sell-side analysts expect that Intel Corporation will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on INTC shares. Wedbush lowered their price target on Intel from $20.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. JPMorgan Chase & Co. raised their price target on Intel from $20.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday, July 25th. Cantor Fitzgerald lowered their price target on Intel from $29.00 to $20.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Benchmark reissued a "hold" rating on shares of Intel in a report on Friday, July 25th. Finally, Rosenblatt Securities reissued a "sell" rating and issued a $14.00 price target on shares of Intel in a report on Friday, July 25th. Six research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $22.17.

Intel 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.