5 Value Stocks in Joel Greenblatt’s Portfolio

2. Intel Corporation (NASDAQ:INTC)

Gotham Asset Management’s Stake Value: $13,737,000

Percentage of Gotham Asset Management’s 13F Portfolio: 0.55%

Number of Hedge Fund Holders: 66

P/E Ratio as of December 22: 9.84

Intel Corporation (NASDAQ:INTC) is a multinational American technology corporation which is known worldwide for producing semiconductors, microprocessors, integrated graphics processing units, motherboard chipsets, and related computer products. Joel Greenblatt, via Gotham Asset Management, owns a $13.73 million stake in Intel Corporation (NASDAQ:INTC), which represents 0.55% of the firm’s Q3 securities. 

Northland analyst Gus Richard on November 1 upgraded Intel Corporation (NASDAQ:INTC) to Market Perform from Underperform with a $49 price target, stating that the company is a much needed provider of semiconductor chips, apart from Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM). 

Billion Ken Fisher’s Fisher Asset Management is the leading Intel Corporation (NASDAQ:INTC) stakeholder, with a $1.73 position in the company. Overall, according to Insider Monkey’s Q3 data, 66 hedge funds were long Intel Corporation (NASDAQ:INTC), with total stakes amounting to $6.47 billion. 

Here is what Andaz Private Investments has to say about Intel Corporation (NASDAQ:INTC) 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.”