Intel (NASDAQ:INTC) Shares Acquired Rep. Marjorie Taylor Greene

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of Intel Co. (NASDAQ:INTC). In a filing disclosed on November 04th, the Representative disclosed that they had bought between $1,001 and $15,000 in Intel stock on November 1st.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Berkshire Hathaway (NYSE:BRK.B) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Digital Realty Trust (NYSE:DLR) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Apple (NASDAQ:AAPL) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Duke Energy (NYSE:DUK) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Corning (NYSE:GLW) on 11/1/2024.
• Purchased $1,001 – $15,000 in shares of Caterpillar (NYSE:CAT) on 10/21/2024.

Intel Stock Performance

Shares of NASDAQ INTC opened at $23.32 on Wednesday. The stock has a market cap of $99.72 billion, a price-to-earnings ratio of -6.27 and a beta of 1.03. The stock’s 50-day moving average is $21.90 and its 200 day moving average is $26.73. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel Co. has a 1-year low of $18.51 and a 1-year high of $51.28.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was down 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Intel Co. will post -0.47 EPS for the current fiscal year.

Institutional Trading of Intel

A number of institutional investors have recently made changes to their positions in the stock. Encompass Wealth Advisors LLC boosted its stake in shares of Intel by 19.7% in the 3rd quarter. Encompass Wealth Advisors LLC now owns 18,893 shares of the chip maker’s stock worth $443,000 after buying an additional 3,114 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Intel by 19.5% in the third quarter. Aptus Capital Advisors LLC now owns 48,115 shares of the chip maker’s stock worth $1,129,000 after buying an additional 7,861 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in Intel by 10.9% during the third quarter. Ashton Thomas Private Wealth LLC now owns 41,468 shares of the chip maker’s stock valued at $973,000 after buying an additional 4,089 shares during the period. Platform Technology Partners increased its holdings in Intel by 43.5% during the third quarter. Platform Technology Partners now owns 11,565 shares of the chip maker’s stock valued at $271,000 after buying an additional 3,508 shares during the last quarter. Finally, Rakuten Securities Inc. increased its stake in shares of Intel by 217.0% in the 3rd quarter. Rakuten Securities Inc. now owns 91,251 shares of the chip maker’s stock worth $2,141,000 after purchasing an additional 62,461 shares in the last quarter. Hedge funds and other institutional investors own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

INTC has been the topic of a number of analyst reports. New Street Research cut Intel from a “buy” rating to a “neutral” rating in a research note on Friday, August 2nd. Susquehanna lowered their price target on shares of Intel from $35.00 to $26.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Bank of America cut Intel from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $35.00 to $23.00 in a research note on Friday, August 2nd. Finally, Rosenblatt Securities reissued a “sell” rating and issued a $17.00 price target on shares of Intel in a research note on Tuesday, October 29th. Six investment analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Intel has a consensus rating of “Hold” and a consensus target price of $30.12.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia’s 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia’s 14th Congressional District. She declared candidacy for the 2024 election. Marjorie Taylor Greene earned a bachelor’s degree in business administration from the University of Georgia. Greene’s career experience includes co-owning construction company Taylor Commercial and founding and owning a CrossFit gym.

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.