Mizuho Markets Cayman LP Purchases 8,000 Shares of Intel Co. (NASDAQ:INTC)

Mizuho Markets Cayman LP increased its position in Intel Co. (NASDAQ:INTC) by 16.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 57,052 shares of the chip maker’s stock after purchasing an additional 8,000 shares during the period. Intel comprises about 2.6% of Mizuho Markets Cayman LP’s investment portfolio, making the stock its 9th biggest holding. Mizuho Markets Cayman LP’s holdings in Intel were worth $1,144,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Finley Financial LLC acquired a new stake in shares of Intel in the fourth quarter worth $25,000. Synergy Investment Management LLC purchased a new stake in Intel in the 4th quarter worth about $27,000. BankPlus Trust Department purchased a new position in Intel during the 4th quarter valued at about $28,000. Keystone Financial Group Inc. purchased a new position in Intel during the 4th quarter valued at about $29,000. Finally, Quest Partners LLC increased its holdings in shares of Intel by 7,370.6% in the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the period. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

Intel Stock Performance

NASDAQ:INTC opened at $24.26 on Friday. The firm’s 50-day moving average is $21.95 and its 200-day moving average is $21.99. The company has a market cap of $105.05 billion, a price-to-earnings ratio of -5.54 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. Intel Co. has a 52-week low of $18.51 and a 52-week high of $45.41.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. Equities research analysts anticipate that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INTC. HSBC raised shares of Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday, January 21st. Benchmark reaffirmed a “hold” rating on shares of Intel in a research note on Friday, January 31st. Citigroup reduced their price objective on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 21st. Rosenblatt Securities reaffirmed a “sell” rating and issued a $20.00 target price on shares of Intel in a research report on Thursday, January 30th. Finally, Cantor Fitzgerald lifted their price target on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.04.

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.