Rep. Robert Bresnahan, Jr. Purchases Shares of Intel Co. (NASDAQ:INTC)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Intel Co. NASDAQ: INTC. In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Intel stock on February 26th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Intuit NASDAQ: INTU on 3/7/2025.
• Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 3/6/2025.
• Purchased $1,001 - $15,000 in shares of SEA NYSE: SE on 3/5/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Twilio NYSE: TWLO on 3/4/2025.
• Sold $15,001 - $50,000 in shares of Alibaba Group NYSE: BABA on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Zoom Video Communications NASDAQ: ZM on 3/4/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 3/3/2025.
• Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 3/3/2025.

Intel Stock Down 2.9 %

Shares of NASDAQ INTC traded down $0.66 during mid-day trading on Tuesday, hitting $22.05. The company had a trading volume of 63,892,983 shares, compared to its average volume of 74,745,875. The company has a market capitalization of $95.48 billion, a PE ratio of -5.03 and a beta of 1.02. The business's 50-day simple moving average is $22.36 and its 200 day simple moving average is $22.20. Intel Co. has a 1-year low of $18.51 and a 1-year high of $44.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98.

Intel (NASDAQ:INTC - Get Free Report) last posted 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, analysts predict that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Cantor Fitzgerald boosted their price target on shares of Intel from $22.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, February 18th. Barclays lowered 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. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a research note on Tuesday, January 21st. Stifel Nicolaus dropped their price objective on Intel from $25.00 to $21.00 and set a "hold" rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on Intel from $28.00 to $25.00 and set an "equal weight" rating for the company in a research note on Friday, January 31st. Four research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $27.04.

Hedge Funds Weigh In On Intel

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cacti Asset Management LLC lifted its position in Intel by 17.1% in the first quarter. Cacti Asset Management LLC now owns 144,197 shares of the chip maker's stock valued at $3,275,000 after purchasing an additional 21,097 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Intel by 79.1% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 15,768 shares of the chip maker's stock worth $358,000 after purchasing an additional 6,964 shares during the period. Prostatis Group LLC raised its stake in shares of Intel by 78.8% during the 4th quarter. Prostatis Group LLC now owns 44,426 shares of the chip maker's stock worth $891,000 after buying an additional 19,573 shares in the last quarter. 111 Capital acquired a new stake in shares of Intel in the 4th quarter valued at approximately $855,000. Finally, PKO Investment Management Joint Stock Co purchased a new stake in shares of Intel in the fourth quarter valued at approximately $1,865,000. 64.53% of the stock is currently owned by hedge funds and other institutional investors.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.