5 Best Income Stocks To Invest In

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1. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 82

QUALCOMM Incorporated (NASDAQ:QCOM) is an American multinational semiconductor company, based in California. On March 8, the company declared a 7% hike in its quarterly dividend to $0.80 per share. This marked the company’s 20th consecutive year of dividend growth, which makes it one of the best dividend stocks on our list. The company’s shares boast a yield of 2.81%, as recorded on April 25.

The number of hedge funds tracked by Insider Monkey owning stakes in QUALCOMM Incorporated (NASDAQ:QCOM) grew to 82 in Q4 2022, from 80 in the preceding quarter. The consolidated value of these stakes is roughly $2.4 billion.

Madison Investment Management mentioned QUALCOMM Incorporated (NASDAQ:QCOM) in its Q4 2022 investor letter. Here is what the firm has to say:

QUALCOMM Incorporated (NASDAQ:QCOM) continues to be challenged by headwinds in the smartphone supply chain with an expected decline in units for 2022. Despite solid gains in the Internet of Things and Auto segments, Qualcomm’s dominant business remains the smartphone market. We expect to see stabilization of the smartphone market in 2023, including a recovery in China.”

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