5 Best Dividend Stocks on Robinhood

4. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 65

Dividend Yield as of October 20: 5.62%   

Intel Corporation (NASDAQ:INTC) engages in the design, manufacture, and sale of computer products and technologies worldwide. It is one of the top dividend stocks to invest in. On October 17, Intel Corp added that it has cut valuation for its upcoming initial public offering of Mobileye Global, the self-driving car unit of Intel, as it is set to launch a roadshow for the IPO. Mobileye is targeting a valuation of under $20 billion after seeing a valuation of $50 billion.  

On October 11, Needham analyst N Quinn Bolton maintained a Buy rating on Intel Corporation (NASDAQ:INTC) stock and lowered the price target to $32 from $40, highlighting that reduced demand spreading across most end-markets like analog, industrial, automotive, and data center, had led to decreasing forward estimates for the firm.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Intel Corporation (NASDAQ:INTC) was one of them. Here is what the fund said:

“Then, there is the case of Intel Corporation (NASDAQ:INTC). A blue-chip tech champion with a market capitalization of over $500 billion in early 2000, the stock was trading at a P/E multiple of 42. It was a fast-growing company whose stock price and multiple declined more or less in line with its peers. However, unlike Google, Intel’s net income has grown from $7.3 billion in 1999 to $19.9 billion in 2021, a compounded annual growth rate of just 4.7%. Its growth from the dot com era has not proven to be durable, and Intel has yet to trade at the price it attained in 1999.”