5 Best Technology Stocks That Pay Dividends

4. Intel Corporation (NASDAQ: INTC)

Hedge Funds: 66
Total Hedge Fund Holdings: $4.34 billion
Dividend Yield: 2.45%

If you look around the device you’re reading this on, you might find an Intel label. The company has its components and software running a huge portion of the PC and data center market. Even so, Intel has been having a rocky year which ended with a letter from Third Point, a fund that reportedly holds around $1 billion in stakes in Intel. The letter addressed issues in Intel’s loss of positions in the aforementioned markets to its competition. The fund also demands that Intel should hire a financial advisor who will help it strip bad investments, of which apparently there have been plenty in recent years.

At Q3’s end, a total of 66 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of -15% from the second quarter of 2020. Still, Third Point’s recommendations were immediately followed by a bump upwards in the company’s stock.