Rep. Dwight Evans Sells Intel Corporation (NASDAQ:INTC) Stock

Representative Dwight Evans (Democratic-Pennsylvania) recently sold shares of Intel Corporation (NASDAQ:INTC). In a filing disclosed on May 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Intel stock on May 7th. 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 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 Quanta Services (NYSE:PWR) on 5/7/2026.
• Sold $15,001 – $50,000 in shares of Micron Technology (NASDAQ:MU) on 3/24/2026.

Intel Trading Up 2.4%

Shares of NASDAQ INTC traded up $2.63 during mid-day trading on Tuesday, reaching $110.80. The company had a trading volume of 149,330,666 shares, compared to its average volume of 120,260,391. The business’s 50-day moving average is $70.10 and its 200-day moving average is $51.87. The company has a current ratio of 2.31, a quick ratio of 1.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $556.88 billion, a price-to-earnings ratio of -178.71 and a beta of 2.18. Intel Corporation has a 52 week low of $18.97 and a 52 week high of $132.75.

Intel (NASDAQ:INTC) last posted its quarterly earnings results on Thursday, April 23rd. The chip maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28. Intel had a negative net margin of 5.90% and a positive return on equity of 0.39%. The firm had revenue of $13.58 billion for the quarter, compared to analysts’ expectations of $12.32 billion. During the same period in the prior year, the business posted $0.13 earnings per share. The business’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. Equities analysts expect that Intel Corporation will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. KGI Securities cut shares of Intel from an “outperform” rating to a “neutral” rating and set a $71.00 target price on the stock. in a report on Monday, April 20th. BNP Paribas Exane upgraded shares of Intel from an “underperform” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, April 21st. Citigroup increased their target price on shares of Intel from $95.00 to $130.00 and gave the stock a “buy” rating in a report on Monday. Wedbush reiterated a “neutral” rating and set a $30.00 target price on shares of Intel in a report on Tuesday, January 20th. Finally, Jefferies Financial Group increased their target price on shares of Intel from $60.00 to $80.00 and gave the stock a “hold” rating in a report on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-five have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $81.52.

Insider Activity at Intel

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

More Intel News

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Citi raised its price target on Intel (INTC) to $130 and kept a Buy rating, citing a much larger CPU market opportunity tied to AI workloads and projected server CPU growth through 2030. Intel CEO says foundry business is gaining momentum as customer interest grows
• Positive Sentiment: Intel CEO Lip-Bu Tan said the company’s foundry business is gaining momentum, manufacturing yields are improving, and multiple foundry customer commitments are expected in the second half of the year. Intel CEO says foundry business is gaining momentum as customer interest grows
• Positive Sentiment: Samsung launched the Galaxy Book6 Enterprise Edition powered by Intel Core Ultra processors, reinforcing Intel’s presence in enterprise PCs and next-gen laptop demand. Galaxy Book6 Enterprise Edition Extends Connected Galaxy Experience to Enterprise IT Environments, Powered by Intel Core Ultra Processors
• Positive Sentiment: Reports that Intel is exploring Tenstorrent, an AI chip startup, suggest it may keep using M&A to strengthen its AI position. Intel, Qualcomm Eye AI Chip Startup in $5B+ Deal Hunt
• Neutral Sentiment: Several articles argue Intel’s recent pullback may simply be a pause after a strong run, with analysts saying the stock can still “grow into” its valuation over time.
• Negative Sentiment: Some coverage warns the semiconductor rally is crowded and vulnerable to higher bond yields, which could pressure high-flying chip stocks like Intel if sentiment cools. Everyone Owns Chip Stocks. That Could Be a Problem for Intel and Others.
• Negative Sentiment: There is also some caution that Intel’s valuation has run up sharply, so near-term upside may be more limited after the recent rally.

Institutional Trading of Intel

Several hedge funds have recently modified their holdings of the company. Demars Financial Group LLC lifted its position in shares of Intel by 1.7% during the first quarter. Demars Financial Group LLC now owns 7,675 shares of the chip maker’s stock valued at $339,000 after buying an additional 125 shares during the last quarter. Human Investing LLC lifted its position in shares of Intel by 0.9% during the first quarter. Human Investing LLC now owns 14,525 shares of the chip maker’s stock valued at $641,000 after buying an additional 126 shares during the last quarter. Raleigh Capital Management Inc. lifted its position in shares of Intel by 15.9% during the first quarter. Raleigh Capital Management Inc. now owns 924 shares of the chip maker’s stock valued at $41,000 after buying an additional 127 shares during the last quarter. Angeles Wealth Management LLC lifted its position in shares of Intel by 0.7% during the first quarter. Angeles Wealth Management LLC now owns 19,107 shares of the chip maker’s stock valued at $843,000 after buying an additional 134 shares during the last quarter. Finally, Signature Resources Capital Management LLC lifted its position in shares of Intel by 21.5% during the first quarter. Signature Resources Capital Management LLC now owns 831 shares of the chip maker’s stock valued at $37,000 after buying an additional 147 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

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.