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