There is no doubt in the world that anyone that has thought of investing or knows anything about investing has heard of the name Warren Buffett.
The man has been so successful over the many years of his investment career that he has effectively become an oracle of sorts. He finds companies that he believes are fundamentally strong and undervalued and then buys large shares of those companies.
In the case of Intel [NASDAQ:INTC], Warren Buffett’s investment company Berkshire Hathaway [NYSE:BRK.A] bought themselves 7.7 million shares of Intel.
They have held these shares up until now and liquidated all of their holdings in Intel. Usually, when it comes to investing, most investors generally don’t dump all of their shares in a company unless they are absolutely sure that they do not think that the share price of the stock will continue to climb.
It is true that the company gave no reason for dumping over $200 Million worth of Intel stock, but they also don’t have to if they have made a profit on it.