Triumph Capital Management Trims Stake in Intel Corporation $INTC

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Triumph Capital Management significantly reduced its stake in Intel Corporation by 45.6% during the third quarter, selling 11,644 shares and retaining 13,911 shares valued at $467,000. Despite this, many other institutional investors, including Vanguard, State Street, and Capital World Investors, increased their exposure, and Norges Bank opened a new position worth approximately $1.58 billion, resulting in institutions owning about 64.53% of Intel’s stock. Intel recently surpassed quarterly EPS estimates and provided positive guidance, with the stock trading near $45, though analysts largely rate it as “Reduce.”

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