5 Best Dividend Stocks to Buy According to Cliff Asness’ AQR Capital Management

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 66
Dividend Yield as of January 17: 2.50%

Intel Corporation (NASDAQ:INTC) is an American semiconductor and technology company. AQR Capital Management has been investing in the company since the fourth quarter of 2010. In Q3 2021, the hedge fund held a $401.1 million worth of stake in the company, which represented 0.74% of its 13F portfolio.

Fisher Asset Management was the largest shareholder of Intel Corporation (NASDAQ:INTC) in Q3, owning shares worth over $1.73 billion. Overall, 66 hedge funds tracked by Insider Monkey held stakes in the company in Q3, down from 78 in the previous quarter. These stakes hold a value of over $6.4 billion.

Recently, Northland appreciated Intel Corporation (NASDAQ:INTC)’s strategies and execution and upgraded the shares to Outperform while maintaining a $62 price target on the stock. Currently, Intel Corporation (NASDAQ:INTC) pays a quarterly dividend of $0.3475 per share, with a dividend yield of 2.50%. 2021 marked the company’s 7^th consecutive annual dividend increase. Moreover, its 5-year dividend growth rate (DGR) stands at 6%.

Andaz Private Investments mentioned Intel Corporation (NASDAQ:INTC) in its Q3 2021 investor letter. Here is what the firm has to say:

“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.”