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

by · The Cerbat Gem

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

INTC opened at $23.32 on Wednesday. Intel Co. has a 12-month low of $18.51 and a 12-month high of $51.28. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $99.72 billion, a PE ratio of -6.27 and a beta of 1.03. The firm has a 50 day moving average of $21.90 and a two-hundred day moving average of $26.73.

Intel (NASDAQ:INTC – Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $13.02 billion. During the same period in the prior year, the business posted $0.28 earnings per share. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. On average, analysts anticipate that Intel Co. will post -0.47 EPS for the current year.

Analyst Ratings Changes

INTC has been the subject of several recent research reports. Raymond James lowered shares of Intel from an “outperform” rating to a “market perform” rating in a report on Friday, August 2nd. Barclays cut their target price on shares of Intel from $40.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on shares of Intel from $35.00 to $26.00 and set an “underweight” rating for the company in a report on Friday, August 2nd. Morgan Stanley cut their target price on shares of Intel from $36.00 to $25.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Finally, Daiwa America raised shares of Intel to a “hold” rating in a research note on Monday, August 26th. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.12.

Get Our Latest Report on INTC

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Cable Hill Partners LLC boosted its position in shares of Intel by 9.0% during the 3rd quarter. Cable Hill Partners LLC now owns 22,364 shares of the chip maker’s stock valued at $525,000 after acquiring an additional 1,839 shares during the last quarter. Mizuho Securities Co. Ltd. boosted its position in shares of Intel by 2,910.4% during the 3rd quarter. Mizuho Securities Co. Ltd. now owns 28,900 shares of the chip maker’s stock valued at $678,000 after acquiring an additional 27,940 shares during the last quarter. ICICI Prudential Asset Management Co Ltd boosted its position in shares of Intel by 19.4% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 55,821 shares of the chip maker’s stock valued at $1,310,000 after acquiring an additional 9,057 shares during the last quarter. Angeles Investment Advisors LLC boosted its position in shares of Intel by 40.5% during the 3rd quarter. Angeles Investment Advisors LLC now owns 14,775 shares of the chip maker’s stock valued at $347,000 after acquiring an additional 4,260 shares during the last quarter. Finally, Encompass Wealth Advisors LLC boosted its position in shares of Intel by 19.7% during the 3rd quarter. Encompass Wealth Advisors LLC now owns 18,893 shares of the chip maker’s stock valued at $443,000 after acquiring an additional 3,114 shares during the last quarter. Institutional investors and hedge funds own 64.53% of the company’s stock.

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.

Intel Company Profile

(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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