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

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 Stock Up 3.6 %

Shares of NASDAQ INTC traded up $0.67 during mid-day trading on Tuesday, hitting $19.51. The company had a trading volume of 82,246,968 shares, compared to its average volume of 78,836,714. Intel Co. has a one year low of $17.67 and a one year high of $37.16. The company has a market capitalization of $85.08 billion, a PE ratio of -4.45 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The firm has a 50-day simple moving average of $22.17 and a two-hundred day simple moving average of $21.91.

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 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 expect that Intel Co. will post -0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Finley Financial LLC bought a new position in Intel in the 4th quarter valued at about $25,000. Synergy Investment Management LLC acquired a new position in Intel during the fourth quarter valued at approximately $27,000. Vermillion Wealth Management Inc. acquired a new position in Intel during the fourth quarter valued at approximately $27,000. BankPlus Trust Department bought a new stake in Intel during the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. acquired a new stake in shares of Intel in the 4th quarter valued at $29,000. Institutional investors own 64.53% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INTC. Truist Financial dropped their price target on shares of Intel from $22.00 to $21.00 and set a "hold" rating on the stock in a research report on Friday, January 31st. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Rosenblatt Securities reiterated a "sell" rating and set a $20.00 price target on shares of Intel in a report on Thursday, January 30th. Benchmark restated a "hold" rating on shares of Intel in a research note on Friday, January 31st. Finally, Bank of America upgraded Intel from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $19.00 to $25.00 in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Intel currently has a consensus rating of "Hold" and an average target price of $24.25.

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.

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.