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

by · The Cerbat Gem

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 2.9%

Shares of NASDAQ:INTC traded up $0.63 during trading hours on Monday, hitting $22.05. The company’s stock had a trading volume of 28,362,292 shares, compared to its average volume of 79,818,974. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.33 and a quick ratio of 0.98. The firm’s fifty day moving average price is $21.24 and its 200 day moving average price is $21.70. Intel Co. has a 52 week low of $17.67 and a 52 week high of $37.16. The company has a market capitalization of $96.17 billion, a price-to-earnings ratio of -5.03 and a beta of 1.15.

Intel (NASDAQ:INTC – Get Free Report) last posted its 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. The company had revenue of $12.67 billion during the quarter, compared to analyst estimates of $12.26 billion. Intel had a negative return on equity of 3.27% and a negative net margin of 35.32%. Intel’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, research analysts expect that Intel Co. will post -0.11 EPS for the current year.

Institutional Trading of Intel

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Intel by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker’s stock valued at $8,570,537,000 after purchasing an additional 8,291,233 shares in the last quarter. Geode Capital Management LLC lifted its stake in Intel by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 95,488,444 shares of the chip maker’s stock worth $1,909,761,000 after acquiring an additional 2,978,346 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Intel by 8.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker’s stock worth $1,268,430,000 after acquiring an additional 4,793,927 shares during the last quarter. Norges Bank purchased a new stake in shares of Intel in the 4th quarter valued at approximately $1,246,569,000. Finally, Northern Trust Corp increased its position in shares of Intel by 15.5% in the 4th quarter. Northern Trust Corp now owns 45,811,555 shares of the chip maker’s stock valued at $918,522,000 after purchasing an additional 6,157,853 shares during the last quarter. 64.53% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Cantor Fitzgerald cut their price target on shares of Intel from $29.00 to $20.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Benchmark restated a “hold” rating on shares of Intel in a research note on Friday, April 25th. Barclays restated a “reduce” rating on shares of Intel in a report on Tuesday, April 22nd. Mizuho lowered their target price on shares of Intel from $23.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Finally, Stifel Nicolaus cut their price target on shares of Intel from $25.00 to $21.00 and set a “hold” rating on the stock in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a sell rating, twenty-seven have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $22.23.

Read Our Latest Stock Analysis on INTC

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

(Get Free Report)

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.

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