5 Best Semiconductor Stocks to Buy for 2022

4. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 66     

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. Media reports indicate that the company is planning to set up a chip making facility in Malaysia and will invest nearly $7 billion for the purpose. 

Intel Corporation (NASDAQ:INTC) recently announced that it would be spinning off the self-driving unit of the company that is valued at over $50 billion, leading to a broader rally in chip stocks with Intel leading the way. 

At the end of the third quarter of 2021, 66 hedge funds in the database of Insider Monkey held stakes worth $6.4 billion in Intel Corporation (NASDAQ:INTC), compared to 78 in the previous quarter worth $6.7 billion.