Rep. Dwight Evans Purchases Shares of Intel Co. (NASDAQ:INTC)

Representative Dwight Evans (D-Pennsylvania) recently bought shares of Intel Co. NASDAQ: INTC. In a filing disclosed on April 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in Intel stock on April 3rd. The trade occurred in the Representative's "CETERA" account.

Representative Dwight Evans also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Quanta Services NYSE: PWR on 4/3/2025.
• Sold $1,001 - $15,000 in shares of AbbVie NYSE: ABBV on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/3/2025.
• Sold $1,001 - $15,000 in shares of NextEra Energy NYSE: NEE on 4/3/2025.
• Sold $1,001 - $15,000 in shares of American Tower NYSE: AMT on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ONEOK NYSE: OKE on 4/3/2025.
• Purchased $1,001 - $15,000 in shares of International Business Machines NYSE: IBM on 4/3/2025.
• Sold $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 4/3/2025.
• Sold $1,001 - $15,000 in shares of Kinder Morgan NYSE: KMI on 4/3/2025.

Intel Price Performance

Shares of NASDAQ:INTC traded down $0.30 during trading on Friday, reaching $18.93. The company had a trading volume of 85,400,923 shares, compared to its average volume of 78,688,066. Intel Co. has a twelve month low of $17.67 and a twelve month high of $37.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.98 and a current ratio of 1.33. The firm has a market capitalization of $82.55 billion, a PE ratio of -4.32 and a beta of 1.13. The firm's fifty day moving average is $22.34 and its 200 day moving average is $21.96.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. On average, equities analysts forecast that Intel Co. will post -0.11 EPS for the current year.

Institutional Trading of Intel

Several hedge funds and other institutional investors have recently bought and sold shares of INTC. Morse Asset Management Inc bought a new stake in shares of Intel during the third quarter valued at approximately $354,000. Advisory Resource Group increased its holdings in Intel by 6.7% in the 3rd quarter. Advisory Resource Group now owns 16,579 shares of the chip maker's stock valued at $389,000 after buying an additional 1,034 shares during the period. SOA Wealth Advisors LLC. raised its stake in shares of Intel by 7.3% in the 3rd quarter. SOA Wealth Advisors LLC. now owns 9,076 shares of the chip maker's stock valued at $213,000 after buying an additional 615 shares in the last quarter. World Investment Advisors LLC lifted its holdings in shares of Intel by 59.6% during the 3rd quarter. World Investment Advisors LLC now owns 42,990 shares of the chip maker's stock worth $1,009,000 after acquiring an additional 16,046 shares during the period. Finally, Denver PWM LLC boosted its position in shares of Intel by 752.1% during the 3rd quarter. Denver PWM LLC now owns 26,425 shares of the chip maker's stock valued at $620,000 after acquiring an additional 23,324 shares in the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on INTC shares. Mizuho cut their price objective on Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Friday, January 10th. Stifel Nicolaus decreased their price target on shares of Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Citigroup dropped their price objective on shares of Intel from $22.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, January 21st. Barclays decreased their target price on shares of Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Intel from $26.00 to $23.00 and set an "underweight" rating on the stock in a research note on Friday, January 31st. Four analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.38.

About Representative Evans

Dwight Evans (Democratic Party) is a member of the U.S. House, representing Pennsylvania's 3rd Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Evans (Democratic Party) is running for re-election to the U.S. House to represent Pennsylvania's 3rd Congressional District. He declared candidacy for the 2026 election. Evans earned his A.A. from the Community College of Philadelphia in 1973 and his bachelor's degree from La Salle College in 1975. He then attended Graduate Work at Temple University from 1975 to 1976. His professional experience includes working as an employment counselor/job developer for the Urban League of Philadelphia and as a teacher in the Philadelphia Public School System.

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.