Deseret Mutual Benefit Administrators Has $519,000 Holdings in Intel Co. (NASDAQ:INTC)

Deseret Mutual Benefit Administrators boosted its holdings in shares of Intel Co. (NASDAQ:INTC) by 21.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,103 shares of the chip maker’s stock after acquiring an additional 3,967 shares during the quarter. Deseret Mutual Benefit Administrators’ holdings in Intel were worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in INTC. America First Investment Advisors LLC bought a new stake in Intel during the second quarter worth approximately $25,000. Cyrus J. Lawrence LLC acquired a new position in Intel in the 2nd quarter valued at $27,000. Spartan Fund Management Inc. bought a new position in Intel in the 2nd quarter worth $31,000. Financial Connections Group Inc. acquired a new position in Intel during the 2nd quarter worth $32,000. Finally, Triad Wealth Partners LLC bought a new stake in Intel during the second quarter valued at about $33,000. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Hsbc Global Res downgraded Intel from a “hold” rating to a “moderate sell” rating in a research note on Friday, August 2nd. Barclays lowered their price objective on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. Cantor Fitzgerald reduced their price target on shares of Intel from $40.00 to $27.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Argus downgraded shares of Intel from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, The Goldman Sachs Group decreased their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Intel presently has an average rating of “Hold” and a consensus price target of $30.12.

Intel Stock Performance

Shares of NASDAQ INTC opened at $25.43 on Thursday. Intel Co. has a 52 week low of $18.51 and a 52 week high of $51.28. The stock has a market capitalization of $109.68 billion, a PE ratio of -6.73 and a beta of 1.03. 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 stock has a 50 day moving average price of $22.01 and a 200 day moving average price of $26.72.

Intel (NASDAQ:INTC) last announced its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The business had revenue of $13.30 billion for the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.28 EPS. Analysts predict that Intel Co. will post -0.47 earnings per share for the current fiscal year.

Intel Company 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.