Rep. Dwight Evans Unloads Intel Corporation (NASDAQ:INTC) Shares

Representative Dwight Evans (Democratic-Pennsylvania) recently sold shares of Intel Corporation (NASDAQ:INTC). In a filing disclosed on June 24th, the Representative disclosed that they had sold between $1,001 and $15,000 in Intel stock on June 10th. 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 General Dynamics (NYSE:GD) on 6/10/2026.
• Sold $1,001 – $15,000 in shares of American Tower (NYSE:AMT) on 5/11/2026.
• Sold $1,001 – $15,000 in shares of Thermo Fisher Scientific (NYSE:TMO) on 5/7/2026.
• Sold $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 5/7/2026.
• Sold $1,001 – $15,000 in shares of Quanta Services (NYSE:PWR) on 5/7/2026.

Intel Price Performance

NASDAQ INTC opened at $132.87 on Friday. The stock has a 50-day simple moving average of $108.27 and a 200 day simple moving average of $67.46. Intel Corporation has a twelve month low of $18.97 and a twelve month high of $141.45. The stock has a market capitalization of $667.80 billion, a PE ratio of -214.30 and a beta of 2.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.85 and a current ratio of 2.31.

Intel (NASDAQ:INTC) last issued its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.01 by $0.28. Intel had a positive return on equity of 0.39% and a negative net margin of 5.90%.The company had revenue of $13.58 billion for the quarter, compared to the consensus estimate of $12.32 billion. During the same period in the previous year, the business posted $0.13 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Intel has set its Q2 2026 guidance at 0.200-0.200 EPS. Research analysts anticipate that Intel Corporation will post 0.63 EPS for the current year.

Intel News Summary

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Goldman Sachs initiated coverage on Intel with a neutral rating and a $150 price target, while Mizuho also raised its target to $135, reinforcing the view that Wall Street still sees room for further upside. Why Goldman won’t pick Intel over its rivals just yet
• Positive Sentiment: Micron’s blockbuster earnings lifted sentiment across the semiconductor group, and Intel joined the broader chip rally as traders rotated back into AI-related hardware names. Why Micron earnings aren’t driving Intel, AMD shares higher?
• Positive Sentiment: Intel also benefited from renewed optimism around its AI-related packaging and manufacturing capabilities, including reports that advanced packaging could support future data-center growth. Intel (INTC) Advanced Packaging Could Support AI Data Center Growth, Mizuho Says
• Neutral Sentiment: Several articles compared Intel with AMD and TSMC, underscoring that investors are still debating whether Intel’s turnaround is enough to close the gap with more consistent industry leaders. Intel vs. TSMC: Which is the Better Semiconductor Stock to Buy Right Now?
• Neutral Sentiment: Intel-backed AI chipmaker SambaNova is reportedly seeking funding at a $10 billion valuation, which adds to the AI ecosystem narrative but is not a direct operating catalyst for Intel itself. Intel-backed AI chipmaker SambaNova plans to raise up to $1B at $10B valuation: report
• Negative Sentiment: Goldman’s neutral stance shows some skepticism remains, with the bank signaling Intel’s rally may already reflect a lot of the turnaround optimism. Why Goldman won’t pick Intel over its rivals just yet

Hedge Funds Weigh In On Intel

A number of hedge funds have recently made changes to their positions in INTC. Financial Life Planners acquired a new stake in shares of Intel during the 1st quarter valued at about $25,000. Financially Speaking Inc raised its position in Intel by 69.2% in the fourth quarter. Financially Speaking Inc now owns 682 shares of the chip maker’s stock worth $25,000 after purchasing an additional 279 shares in the last quarter. Legacy Bridge LLC bought a new position in Intel during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. bought a new position in Intel during the fourth quarter worth about $29,000. Finally, Swiss RE Ltd. acquired a new stake in Intel during the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 64.53% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Susquehanna upped their target price on shares of Intel from $65.00 to $80.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Bank of America raised their price target on shares of Intel from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday. Morgan Stanley downgraded shares of Intel from an “overweight” rating to an “underweight” rating in a report on Thursday, June 11th. Tigress Financial increased their target price on shares of Intel from $66.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Raymond James Financial raised Intel from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, April 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twenty-eight have issued a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $89.66.

Insider Buying and Selling at Intel

In other news, EVP Boise April Miller sold 40,256 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $99.53, for a total value of $4,006,679.68. Following the sale, the executive vice president directly owned 105,077 shares in the company, valued at approximately $10,458,313.81. This represents a 27.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.05% of the company’s stock.

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.

Intel Company Profile

Intel Corporation, founded in 1968 by Robert Noyce and Gordon E. Moore and headquartered in Santa Clara, California, is a leading global designer and manufacturer of semiconductor products. The company is historically notable for introducing the first commercial microprocessor and for driving the x86 architecture that underpins many personal computers and servers. Intel’s core business spans the design, fabrication and marketing of processors, chipsets and related components for a wide range of computing applications.

Intel’s product portfolio includes client and mobile processors marketed under brands such as Intel Core and Pentium, as well as high-performance Xeon processors for data centers and cloud infrastructure.