Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard Marks. The top investor data is provided from their latest 13F’s. This week we’ll take a look at:
Intel Corporation (NASDAQ: INTC)
Intel Corp is one of the world’s largest chipmakers. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It is also the prime proponent of Moore’s law for advances in semiconductor manufacturing. While Intel’s server processor business has benefited from the shift to the cloud, the firm has also been expanding into new adjacencies as the personal computer market has declined. These include areas such as the Internet of Things, memory, artificial intelligence, and automotive. Intel has been active on the merger and acquisitions front, recently acquiring Altera, Mobileye, Nervana, Movidius, and Habana Labs in order to assist its efforts in non-PC arenas.
A quick look at the price chart below for Intel Corporation shows us that the stock is down 4% in the past twelve months. We currently have the stock trading on an Acquirer’s Multiple of 8.23, which means that it’s undervalued.
(Source: Morningstar)
Superinvestors who currently hold positions in Intel Corporation:
Ken Fisher – 28,665,401 shares
Cliff Asness – 12,471,136 shares
Ken Griffin – 4,957,089 shares
Michael Price – 2,056,425 shares
Jim Simons – 1,596,294 shares
Joel Greenblatt – 323,533 shares
Louis Bacon – 227,709 shares
Mario Gabelli – 42,789 shares
Murray Stahl – 9,579 shares
Paul Tudor Jones – 8,404 shares
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