Cyndeo Wealth Partners LLC Sells 28,137 Shares of Intel Corporation $INTC

Key Points

• Cyndeo Wealth Partners cut its Intel stake by 66.2% in the third quarter, selling 28,137 shares and retaining 14,389 shares valued at approximately $1.73 million.
• Institutional ownership remains substantial at 64.53%, with major investors including State Street, Primecap Management, Bank of America, Legal & General, and Assenagon modifying or expanding their positions.
• Intel shares opened at $89.85 after falling 5.8%; analysts hold a consensus “Hold” rating with an average price target of $109.06, despite the company recently exceeding earnings and revenue expectations.

Cyndeo Wealth Partners LLC decreased its position in shares of Intel Corporation (NASDAQ:INTC - Free Report) by 66.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 14,389 shares of the chip maker's stock after selling 28,137 shares during the quarter. Cyndeo Wealth Partners LLC's holdings in Intel were worth $1,730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp raised its stake in Intel by 1.2% during the second quarter. State Street Corp now owns 216,849,675 shares of the chip maker's stock worth $30,278,720,000 after buying an additional 2,528,657 shares during the last quarter. Primecap Management Co. CA bought a new stake in Intel during the second quarter valued at $10,507,291,000. Bank of America Corp DE boosted its position in Intel by 35.7% during the second quarter. Bank of America Corp DE now owns 31,724,362 shares of the chip maker's stock valued at $4,429,673,000 after acquiring an additional 8,342,514 shares during the last quarter. Legal & General Group Plc bought a new stake in Intel during the second quarter valued at $4,096,110,000. Finally, Assenagon Asset Management S.A. grew its holdings in Intel by 87.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 30,214,769 shares of the chip maker's stock worth $3,632,722,000 after acquiring an additional 14,063,302 shares during the period. Institutional investors and hedge funds own 64.53% of the company's stock.

Key Headlines Impacting Intel

Here are the key news stories impacting Intel this week:

• Positive Sentiment: Intel’s history of exceeding earnings estimates and favorable revenue and earnings trends are prompting analysts to argue that the company could deliver another quarterly beat. Will Intel Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Consumer research from LikeFolio indicates improving sentiment toward Intel, suggesting demand for its products remains resilient even as Nvidia introduces competing laptops. Consumer Sentiment Surge Follows Stock Trends
• Positive Sentiment: One prominent analyst sees substantial upside if Intel successfully executes its foundry strategy and wins advanced AI-chip manufacturing business, although that thesis depends on an unproven turnaround. Analyst Says Intel Could Double
• Neutral Sentiment: The administration’s new review of AI risks could lead to future regulation of AI systems and data centers. The report is not an Intel-specific development, but could affect demand for AI infrastructure over time. Trump Task Force Orders Report on AI Dangers
• Negative Sentiment: A broad rotation out of AI and semiconductor stocks is pressuring Intel, AMD and other chipmakers as investors question AI infrastructure valuations, financing conditions and the durability of spending. Rotation Out of AI Chip Stocks Continues
• Negative Sentiment: Investors are also weighing competitive and operational risks: TSMC suggested it could support customers if Intel’s advanced-packaging ramp falls short, while an explosion and fire at Intel’s Kiryat Gat facility in Israel added company-specific uncertainty. Reports of progress by Chinese rival CXMT further intensified concerns about Intel’s competitive position. TSMC Comments on Intel Packaging Ramp

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Royal Bank Of Canada began coverage on Intel in a research report on Tuesday, September 8th. They issued an "outperform" rating for the company. Roth Capital boosted their price objective on Intel from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Tigress Financial upped their target price on Intel from $118.00 to $145.00 and gave the company a "buy" rating in a research report on Tuesday, September 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of Intel in a research note on Friday, July 24th. Finally, Wall Street Zen cut Intel from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twenty-seven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $109.06.

Intel Stock Down 5.8%

Shares of NASDAQ INTC opened at $89.85 on Friday. The firm has a market cap of $453.20 billion, a PE ratio of -42.58, a P/E/G ratio of 9.57 and a beta of 2.22. Intel Corporation has a 12-month low of $32.89 and a 12-month high of $142.35. The company's fifty day simple moving average is $103.05 and its 200 day simple moving average is $101.31. The company has a quick ratio of 1.25, a current ratio of 1.60 and a debt-to-equity ratio of 0.47.

Intel (NASDAQ:INTC - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The chip maker reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. Intel had a negative net margin of 19.79% and a positive return on equity of 2.62%. The business had revenue of $16.13 billion during the quarter, compared to analysts' expectations of $14.43 billion. During the same period last year, the company posted ($0.10) earnings per share. The business's quarterly revenue was up 25.2% on a year-over-year basis. Intel has set its Q3 2026 guidance at 0.380-0.380 EPS. As a group, sell-side analysts forecast that Intel Corporation will post 1.04 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Lip Bu Tan bought 105,263 shares of Intel stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $95.00 per share, for a total transaction of $9,999,985.00. Following the purchase, the chief executive officer directly owned 1,314,669 shares in the company, valued at approximately $124,893,555. This represents a 8.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by company insiders.

About Intel

Intel Corporation NASDAQ: INTC is a global semiconductor company that designs and manufactures computing and connectivity products. Its portfolio includes Intel Core processors for personal computers, Xeon processors for data centers and enterprise systems, and products for networking, edge computing, graphics, and artificial intelligence workloads.

Through Intel Foundry, the company also provides semiconductor manufacturing and technology-development services for external customers. Intel develops process technologies, advanced packaging, and other manufacturing capabilities intended to support its own products and third-party chip designs.

Founded in 1968 by Robert Noyce and Gordon Moore, Intel helped establish the modern microprocessor industry and has historically supplied processors for PCs, servers, and other computing systems.

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