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 Stock Down 1.6 %

Shares of INTC stock opened at $18.93 on Friday. The company has a market capitalization of $82.55 billion, a price-to-earnings ratio of -4.32 and a beta of 1.13. Intel Co. has a 12-month low of $17.67 and a 12-month high of $37.16. The firm has a fifty day moving average of $22.34 and a 200-day moving average of $21.96. The company has a quick ratio of 0.98, a current ratio of 1.33 and a debt-to-equity ratio of 0.44.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, January 30th. The chip maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.14). Intel had a negative net margin of 35.32% and a negative return on equity of 3.27%. As a group, equities research analysts predict that Intel Co. will post -0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Intel

A number of hedge funds have recently bought and sold shares of the business. Finley Financial LLC bought a new position in shares of Intel during the fourth quarter worth approximately $25,000. Vermillion Wealth Management Inc. acquired a new position in Intel in the 4th quarter valued at $27,000. Synergy Investment Management LLC acquired a new stake in shares of Intel during the 4th quarter worth $27,000. BankPlus Trust Department bought a new position in shares of Intel in the fourth quarter worth $28,000. Finally, Keystone Financial Group Inc. bought a new stake in Intel during the fourth quarter worth about $29,000. 64.53% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Intel in a research report on Monday, April 14th. JPMorgan Chase & Co. decreased their target price on shares of Intel from $26.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, January 31st. Susquehanna cut their price target on shares of Intel from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Wednesday. Cantor Fitzgerald raised their price objective on Intel from $22.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, February 18th. Finally, Citigroup lowered their target price on Intel from $22.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 21st. Four analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Intel currently has an average rating of “Hold” and a consensus target price 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.