Why George Soros Poured Over $25 Million into Intel Stock
- Buz Investors George Soros, the billionaire investor, seems to believe that Intel Corporation (NASDAQ:INTC) stock is a winning ticket as a Securities and Exchange Commission Form 13f reveals that Soros purchased 685,500 shares of INTC stock at a value of $25,878,000. (Source: “United States Securities and Exchange Commission Form 13F Information Table,” United States Securities and Exchange Commission, November 14, 2016.)
- Let’s start with the year in review. Intel stock had a weak beginning in 2016, falling in February to its lowest point, but recovered as time went on,
- reaching its yearly-high (so far). All in all, besides dips and soars, ultimately it has been a stagnant year for the chip maker, rising less than one percent since the start of 2016. In the past month, though, the stock has taken a hit, falling about eight percent.
George Soros What Does George Soros See in INTC
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George Soros But open that range up to five years, and you see a marked improvement, with INTC stock gaining 38% in that time period, so it’s definitely been trending up in the long-term.
And then you have other promising events, like its “positive” rating restated by research analysts atSusquehanna Financial Group in a research note issued to investors today. (Source: “Intel Corp. (INTC) Rating Reiterated by Susquehanna,” The Cerbat Gem, November 14, 2016.)
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But beyond positive events likes that, there’s an important quality of Intel stock worth noting: uninterrupted dividends for the past 24 years. That doesn’t mean the return streak will be infinitely long, but that’s a good sign all the same.
And despite challenging conditions in the PC market, the company has still seen growth in this year’s Q3. Intel reported that revenue from Client Computing Group, its PC chip segment, rose 4.5% year-over-year to $8.9 billion. (Source: “Intel Reports Record Quarterly Revenue of $15.8 Billion, Up 9 Percent Year-Over-Year; Operating Profit of $4.5 Billion,” Intel Corporation, October 18, 2016.)
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