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Capital Research and other investors buy more Intel shares after earnings beat

Intel logoIntel
Sig2.05Sen+1.80Env0.00Soc0.00Gov0.00

Capital Research Global Investors and Capital World Investors increased Intel holdings, buying tens of millions of shares and raising their stakes valued at about $982M and $3.84B. Vanguard also added shares. Analysts lifted price targets after Intel’s quarterly results, with EPS of $0.42 on revenue of $16.13B, topping consensus, while ratings skewed Hold to Buy.

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