Sanctuary Advisors Buys New Intel Stake Worth About $51.24M
Sanctuary Advisors LLC bought 366,969 shares of Intel in Q2 for about $51.24M, around $95 per share, while other wealth firms also increased positions. Intel posted $0.42 EPS, above analysts’ $0.21 estimate. The report also notes CEO Lip-Bu Tan purchased about $10M of Intel stock, viewed as confidence in the foundry recovery.