5 Best Dividend Stocks to Buy According to Noam Gottesman’s GLG Partners

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 72
Dividend Yield as of May 20: 3.48%
GLG Partners’ Stake Value: $158,289,000

Intel Corporation (NASDAQ:INTC) is an American multinational tech company that also specializes in the manufacturing of semiconductor chips. In January, the company announced a 5% hike in its annual dividend to $0.365 per share. The company maintains a 7-year streak of consistent dividend growth, falling into the category of Dividend Challengers. Moreover, Intel Corporation (NASDAQ:INTC) has been paying its dividend continuously since 1992.

In Q4 2021, Intel Corporation (NASDAQ:INTC) remained famous amongst the elite funds, as 72 hedge funds tracked by Insider Monkey held a $5.5 billion worth of stake in the company. In the previous quarter, 66 hedge funds held positions in the company, with stakes valued at $6.47 billion. In Q1 2022, Seth Klarman’s Baupost Group held the largest stake in Intel Corporation (NASDAQ:INTC), worth $822.3 million.

In April, Northland mentioned in its investor note that Intel Corporation (NASDAQ:INTC) is well-positioned to exceed Q2 estimates and lifted its price target on the stock to $62, with an Outperform rating on the shares. In Q1 2022, GLG Partners held over 3 million shares in Intel Corporation (NASDAQ:INTC), valued at $158.2 million. The company accounted for 0.55% of Noam Gottesman’s portfolio.