Catalyst Capital's Massive Intel Buy Boosts Stake by Over 1000%

According to SEC filings, Catalyst Capital Advisors LLC significantly increased its holdings in Intel (INTC, Financial), boosting its stake by 1,110.8% during the third quarter. The firm now holds 49,522 shares of the semiconductor giant, having purchased an additional 45,432 shares during the period, with a current value of approximately $1,162,000.

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This trend was mirrored in the third quarter by several other hedge funds that either entered into positions with Intel or increased their existing stakes. Notably, new stakes were initiated by America First Investment Advisors LLC at $25,000 and Cyrus J. Lawrence LLC at $27,000. Spartan Fund Management Inc. and Financial Connections Group Inc. took positions worth $31,000 and $32,000, respectively, while Triad Wealth Partners LLC invested $33,000.

Wall Street analysts present a cautiously optimistic yet generally reserved outlook on Intel's stock. After several revisions, Robert W. Baird raised the price target from $20.00 to $25.00 while maintaining a neutral rating. Conversely, HSBC downgraded its rating from "hold" to "reduce," Deutsche Bank lowered its price target from $27.00 to $25.00, holding a neutral stance. Additionally, Rosenblatt Securities reiterated a "sell" rating with a target price of $17.00. The sentiment among analysts suggests a consensus to hold the stock on an average price target of $30.12, which reflects the conservative of Intel's prospects in the rapidly growing semiconductor industry.

This article first appeared on GuruFocus.