Rep. Jefferson Shreve Sells Intel Co. (NASDAQ:INTC) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Intel Co. NASDAQ: INTC. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Intel stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Intel Stock Up 2.6%

Shares of Intel stock traded up $0.57 during trading on Monday, reaching $21.99. The company's stock had a trading volume of 21,481,857 shares, compared to its average volume of 79,804,329. Intel Co. has a 1-year low of $17.67 and a 1-year high of $37.16. The company has a 50-day simple moving average of $21.24 and a two-hundred day simple moving average of $21.70. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44. The company has a market cap of $95.90 billion, a price-to-earnings ratio of -5.03 and a beta of 1.15.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The chip maker reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. The business had revenue of $12.67 billion for the quarter, compared to analyst estimates of $12.26 billion. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The company's revenue was down .4% on a year-over-year basis. As a group, equities analysts forecast that Intel Co. will post -0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented 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. Stifel Nicolaus reduced their price target on Intel from $25.00 to $21.00 and set a "hold" rating for the company in a report on Friday, January 31st. Wells Fargo & Company reduced their target price on Intel from $25.00 to $22.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. HSBC raised shares of Intel from a "reduce" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Hsbc Global Res raised shares of Intel from a "moderate sell" rating to a "hold" rating in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a sell rating, twenty-seven have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $22.23.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of INTC. Finley Financial LLC acquired a new position in shares of Intel in the 4th quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new position in Intel in the 1st quarter valued at about $25,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the fourth quarter worth $27,000. Vermillion Wealth Management Inc. acquired a new stake in shares of Intel in the 4th quarter valued at approximately $27,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in Intel during the first quarter worth $27,000. Institutional investors and hedge funds own 64.53% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.