Channing Capital Trims Intel Stake by 20.2% While Boomers Still Buy
Channing Capital Management cut its position in Intel by 20.2%, selling 92,712 shares to hold 365,890 shares. Despite years of underperformance and massive capital outlays, baby boomer investors continue buying Intel shares as part of its government-backed turnaround.
1. Channing Capital Reduces Intel Position
During the latest quarter, Channing Capital Management reduced its Intel stake by 20.2%, selling 92,712 shares and lowering its holding to 365,890 shares as disclosed in its SEC filing.
2. Baby Boomer Investors Continue Buying Intel
Intel remains popular with baby boomer investors despite concerns over valuation, a multi-year underperformance and the heavy capital spending required for its government-supported turnaround plan.
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