5 Cheap Semiconductor Stocks to Buy Now

3. Intel Corporation (NASDAQ:INTC)

Share price as of Monday, September 20, 2021: $52.98
Number of Hedge Fund Holders: 78

Intel Corporation (NASDAQ: INTC), which is one of the, if not the most well-known semiconductor company in the world might seem a surprising addition to this list. However, Intel Corporation (NASDAQ: INTC)’s share price is lower when compared to its smaller peers such as Advanced Micro Devices, Inc and NVIDIA Corporation, due to the fact that the company has a significantly higher number of shares outstanding. According to Yahoo Finance, Intel Corporation (NASDAQ: INTC) has 4.06 billion shares outstanding, while NVIDIA and AMD, which have higher share prices, have 2.49 billion and 1.21 billion shares, respectively.

While Intel Corporation (NASDAQ: INTC) has struggled with pushing out semiconductors manufactured on the leading-edge manufacturing processes, the company under the leadership of its new chief executive officer Mr. Patrick Gelsinger is looking to make a comeback. As an established player, Intel Corporation (NASDAQ: INTC) has several agreements with U.S. government agencies and it commands a dominating market share in the x86 microprocessor market, with its only competitor being AMD.