Synovus Financial Corp Cuts Stock Position in Intel Corporation $INTC

Key Points

• Synovus Financial Corp reduced its holdings in Intel Corporation by 10.6% during the 1st quarter, owning 133,446 shares valued at $3,031,000.
• Institutional investors own 64.53% of Intel’s stock, with notable increases from firms like Vanguard Group and UBS, indicating a shift in investor sentiment.
• Intel reported a loss of ($0.10) earnings per share for the last quarter, missing expectations, despite revenue growth of 0.5% year-over-year.

Synovus Financial Corp lessened its position in Intel Corporation (NASDAQ:INTC - Free Report) by 10.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,446 shares of the chip maker's stock after selling 15,808 shares during the quarter. Synovus Financial Corp's holdings in Intel were worth $3,031,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Intel by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 377,390,437 shares of the chip maker's stock valued at $8,570,537,000 after buying an additional 8,291,233 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Intel by 8.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,263,339 shares of the chip maker's stock valued at $1,268,430,000 after buying an additional 4,793,927 shares during the period. Northern Trust Corp raised its holdings in shares of Intel by 0.3% in the 1st quarter. Northern Trust Corp now owns 45,969,843 shares of the chip maker's stock valued at $1,043,975,000 after buying an additional 158,288 shares during the period. Invesco Ltd. raised its holdings in shares of Intel by 1.3% in the 1st quarter. Invesco Ltd. now owns 43,651,076 shares of the chip maker's stock valued at $991,316,000 after buying an additional 562,246 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Intel by 3.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 35,025,596 shares of the chip maker's stock valued at $795,431,000 after buying an additional 1,086,836 shares during the period. Hedge funds and other institutional investors own 64.53% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INTC. JPMorgan Chase & Co. boosted their price objective on Intel from $20.00 to $21.00 and gave the company an "underweight" rating in a report on Friday, July 25th. Loop Capital started coverage on Intel in a report on Monday, July 21st. They set a "hold" rating and a $25.00 price target on the stock. Rosenblatt Securities restated a "sell" rating and set a $14.00 price target on shares of Intel in a report on Friday, July 25th. Benchmark restated a "hold" rating on shares of Intel in a report on Friday, July 25th. Finally, Mizuho upped their price target on Intel from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, July 3rd. One investment analyst has rated the stock with a Buy rating, twenty-two have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus target price of $22.17.

Intel Price Performance

Shares of NASDAQ INTC opened at $24.55 on Tuesday. The stock's 50-day moving average is $22.22 and its two-hundred day moving average is $21.77. The company has a market cap of $107.46 billion, a price-to-earnings ratio of -5.15 and a beta of 1.22. Intel Corporation has a 1-year low of $17.67 and a 1-year high of $27.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 0.92.

Intel (NASDAQ:INTC - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.11). The business had revenue of $12.86 billion for the quarter, compared to analyst estimates of $11.88 billion. Intel had a negative return on equity of 3.78% and a negative net margin of 38.64%.The company's revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 earnings per share. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Analysts forecast that Intel Corporation will post -0.11 EPS for the current fiscal year.

About Intel

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.

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