Intel (NASDAQ:INTC) Shares Unloaded Rep. Kevin Hern

Representative Kevin Hern (R-Oklahoma) recently sold shares of Intel Co. (NASDAQ:INTC). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $50,001 and $100,000 in Intel stock on December 31st. The trade occurred in the Representative’s “HERN FAMILY REVOCABLE TRUST > BROKERAGE INVESTMENT ACCOUNT” account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $250,001 – $500,000 in shares of Devon Energy (NYSE:DVN) on 12/31/2024.
• Sold $15,001 – $50,000 in shares of Estée Lauder Companies (NYSE:EL) on 12/31/2024.
• Sold $100,001 – $250,000 in shares of Johnson & Johnson (NYSE:JNJ) on 12/31/2024.
• Sold $50,001 – $100,000 in shares of DexCom (NASDAQ:DXCM) on 12/31/2024.
• Sold $50,001 – $100,000 in shares of AGCO (NYSE:AGCO) on 12/31/2024.
• Purchased $1,001 – $15,000 in shares of Home Depot (NYSE:HD) on 12/12/2024.
• Purchased $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 12/10/2024.
• Purchased $100,001 – $250,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.

Intel Price Performance

Shares of Intel stock traded up $1.82 during trading on Friday, reaching $21.49. The company’s stock had a trading volume of 163,396,661 shares, compared to its average volume of 50,908,592. The stock has a 50-day moving average price of $21.55 and a two-hundred day moving average price of $23.38. 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 one year low of $18.51 and a one year high of $50.30. The stock has a market capitalization of $92.69 billion, a P/E ratio of -5.78, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07.

Intel (NASDAQ:INTC) last announced its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.44). The firm had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. As a group, sell-side analysts anticipate that Intel Co. will post -0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the transaction, the executive vice president now directly owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. IVC Wealth Advisors LLC increased its holdings in shares of Intel by 21.9% during the 4th quarter. IVC Wealth Advisors LLC now owns 17,373 shares of the chip maker’s stock worth $348,000 after acquiring an additional 3,116 shares during the last quarter. Mutual Advisors LLC increased its holdings in shares of Intel by 15.9% during the 4th quarter. Mutual Advisors LLC now owns 194,173 shares of the chip maker’s stock worth $3,819,000 after acquiring an additional 26,671 shares during the last quarter. Traynor Capital Management Inc. increased its holdings in shares of Intel by 128.1% during the 4th quarter. Traynor Capital Management Inc. now owns 26,840 shares of the chip maker’s stock worth $538,000 after acquiring an additional 15,074 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Intel by 209.3% during the 4th quarter. SG Americas Securities LLC now owns 485,672 shares of the chip maker’s stock worth $9,738,000 after acquiring an additional 929,929 shares during the last quarter. Finally, Evolution Wealth Advisors LLC acquired a new position in shares of Intel during the 4th quarter worth approximately $225,000. 64.53% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on INTC shares. Bank of America restated an “underperform” rating and set a $21.00 target price on shares of Intel in a research report on Tuesday, December 3rd. Robert W. Baird boosted their target price on Intel from $20.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Intel from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Thursday, October 3rd. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Mizuho cut their price objective on Intel from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, January 10th. Six investment 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 has a consensus rating of “Hold” and an average price target of $29.88.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2025. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2024 election. Before running for Congress, Hern was a McDonald’s franchisee and served on the McDonald’s National Leadership Team. Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

Intel Company Profile

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.