Rep. Marjorie Taylor Greene Purchases Intel Co. Shares

Representative Marjorie Taylor Greene, a Republican from Georgia, has recently made headlines by purchasing shares of Intel Corporation (NASDAQ: INTC). According to a filing submitted on January 27th, she acquired between $1,001 and $15,000 worth of Intel stock on January 8th.

Additional Stock Transactions

In the same filing, Marjorie Taylor Greene reported several other stock transactions made on January 21, 2025. These include:

• Shares of Meta Platforms (NASDAQ: META)
• Shares of NextEra Energy (NYSE: NEE)
• Shares of Old Dominion Freight Line (NASDAQ: ODFL)
• Shares of Palo Alto Networks (NASDAQ: PANW)
• Shares of Eli Lilly and Company (NYSE: LLY)
• Shares of Devon Energy (NYSE: DVN)
• Shares of Advanced Micro Devices (NASDAQ: AMD)
• Shares of Kinder Morgan (NYSE: KMI)
• Shares of Norfolk Southern (NYSE: NSC)
• Shares of Cardinal Health (NYSE: CAH)

Intel's Stock Performance

As of Wednesday, NASDAQ INTC opened at $19.80. The company has a 50-day simple moving average of $21.14 and a 200-day simple moving average of $22.76. Intel's stock has seen a 52-week low of $18.51 and a high of $46.63. With a debt-to-equity ratio of 0.44, its current ratio stands at 1.31, while the quick ratio is at 0.97.

Recent Earnings Report

In its latest earnings announcement on October 31st, Intel reported an earnings per share (EPS) of -$0.46, missing the analyst consensus estimate of -$0.02 by a wide margin. However, the company recorded revenues of $13.30 billion, which slightly exceeded analysts' expectations of $13.02 billion. Year-over-year, the company's revenue fell by 6.3%, down from $0.28 EPS earnings during the same period last year. Analysts predict that Intel will post an EPS of -$0.87 for the current year.

Institutional Interest

Recently, institutional investors have shown interest in Intel. Notable changes include: Finley Financial LLC taking a new position valued at $25,000, Keystone Financial Group Inc. at $29,000, and Quest Partners LLC significantly increasing its stake by 7,370.6%, now owning 1,270 shares worth $30,000. Currently, about 64.53% of Intel's stock is held by institutional investors and hedge funds.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares at an average price of $26.00 on November 7th, totaling $650,000. This transaction reduced her ownership by 8.38%, leaving her with 273,258 shares valued at around $7.1 million. Currently, insiders hold only 0.04% of the stock.

Analyst Ratings and Price Targets

Recent ratings for Intel show a mix of sentiment among analysts. Barclays lowered its price target from $25.00 to $23.00, while Robert W. Baird increased its target from $20.00 to $25.00, maintaining a neutral rating. Bank of America reaffirmed an underperform rating with a target of $21.00, and Needham & Company LLC reiterated a hold rating. Overall, Intel holds a consensus rating of "Hold" with a target price of $27.88 according to analysts.

About Representative Marjorie Taylor Greene

Marjorie Taylor Greene has represented Georgia's 14th Congressional District since January 3, 2021, and her current term ends on January 3, 2025. She is running for re-election in 2024. Greene holds a bachelor’s degree in business administration from the University of Georgia and has experience as a co-owner of a construction company and the founder of a CrossFit gym.

About Intel Corporation

Intel Corporation is a major player in designing, developing, manufacturing, marketing, and selling computing and related products worldwide. Its various segments include Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services. Intel's wide array of products includes central processing units (CPUs), chipsets, mobile and desktop processors, hardware products like graphics processing units (GPUs), and multiple semiconductor products.

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