Is Intel Corp. (INTC) A Wise Investment Choice?

Andaz Private Investments, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. Andaz’s investment results are presently moving sideways and the financial year-to-date performance is -5.3%. This portfolio/share price action is not new and has occurred a few times since inception.  You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Andaz Private Investments, in its Q3 2021 investor letter, mentioned Intel Corporation (NASDAQ: INTC) and discussed its stance on the firm. Intel Corporation is a Santa Clara, California-based semiconductor company with a $203.3 billion market capitalization. INTC delivered a 0.36% return since the beginning of the year, while its 12-month returns are up by -1.31%. The stock closed at $50.00 per share on December 13, 2021.

Here is what Andaz Private Investments has to say about Intel Corporation  in its Q3 2021 investor letter:

“Intel (INTC) is trading on a high single digit earnings multiple and is essentially: 1) an oligopolistic foundry set to benefit from large government incentives; and 2) a semiconductor business that is returning to competitiveness after years of being a laggard.”

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Based on our calculations, Intel Corporation (NASDAQ: INTC) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. INTC was in 66 hedge fund portfolios at the end of the third quarter of 2021, compared to 78 funds in the previous quarter. Intel Corporation (NASDAQ: INTC) delivered a -8.29% return in the past 3 months.

Last month, we also shared another hedge fund’s views on INTC in another article. You can find more than 100 investor letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q3 page.

Disclosure: None. This article is originally published at Insider Monkey.