5 52-Week Low Stocks with Upside Potential

In this article, we discuss 5 52-week low stocks with upside potential. If you want to read about some more 52-week low stocks with upside potential, go directly to 10 52-Week Low Stocks with Upside Potential. 

5. Intel Corporation (NASDAQ:INTC) 

Number of Hedge Fund Holders: 72 

52-Week Low as of May 23: $40.31

Real-Time Share Price as of May 23: $41.58

Intel Corporation (NASDAQ:INTC) makes and sells semiconductor products. The company has invested heavily in artificial intelligence products in recent months, becoming a leading source of solutions in the AI space. Last year, it launched Gaudi, an AI-powered NPU. This year, it has launched the Gaudi 2, a product that is 2-times faster than the competition. NVIDIA, a rival of Intel, recently claimed that AI represented a $1 trillion market opportunity for chip stocks in the long-term. 

In late February, Raymond James analyst Chris Caso upgraded Intel Corporation (NASDAQ:INTC) stock to Market Perform from Underperform without a price target, noting that the path to the three year goals of the firm was “very long and expensive”. 

At the end of the fourth quarter of 2021, 72 hedge funds in the database of Insider Monkey held stakes worth $5.5 billion in Intel Corporation (NASDAQ:INTC), compared to 66 in the previous quarter worth $6.4 billion.

In its Q4 2021 investor letter, Davis Funds, an asset management firm, highlighted a few stocks and Intel Corporation (NASDAQ:INTC) was one of them. Here is what the fund said:

“Within technology and communication services, we own a number of online businesses and semiconductor related companies, including Alphabet, Amazon, Intel Corporation (NASDAQ:INTC), Applied Materials and Texas Instruments. Within the realm of high technology, we believe that leadership positions reflect enduring and widening competitive advantages over smaller competitors, with few exceptions. This is because online businesses, as well as semiconductor companies, benefit from economies of scale. An online search and advertising engine will, in general, be more profitable per unit of cost as it grows larger in terms of users and advertising dollars. It is a hub-and-spoke model, in other words, where it is generally not necessary to grow expenses at the same rate that revenues grow beyond a certain threshold. Therefore, returns on capital tend to be higher, the larger and more dominant the online search company is.”