Intel Corporation (INTC) – Buy
I added to my position in Intel Corporation (INTC) position today at $50.4111. Intel is not in my 15 largest holdings.
I had already recently added more on the COVID pullback which made the stock a lot cheaper than it has been in a while. After already adding a lot to my top picks at lower prices and the huge comeback in the market it’s getting harder to find real bargains. I think short-term thinking pullbacks like what happened on Friday can created some good opportunities such as this.
Reason for Opportunity in Intel
On Friday, while Intel did very well in terms of revenue and earnings, they displeased the market with the delay of their 7-nm chips and the mention that they may consider outsourcing production to another firm.
Valuation of Intel
- Trailing PE: 11.49
- Return on Equity: 30.25 (5yr high)
- Earnings yield: 8.56% (5yr high)
- Dividend yield: 2.20%
I may add more if the price stays around this level depending on other opportunities.
See more of my Intel comments/ analysis here.