5 Dividend Stocks Billionaire D. E. Shaw is Buying

4. Intel Corporation (NASDAQ:INTC)

Dividend Yield as of January 11: 2.49%
Number of Hedge Fund Holders: 66

An American technology and semiconductor company, Intel Corporation (NASDAQ:INTC) has been paying dividends since 1993. However, the company cut its dividend in 2013 and 2014, but still holds a 7-year track record of consistent dividend growth.

Insider Monkey’s Q3 data shows a decline in the number of hedge funds having stakes in Intel Corporation (NASDAQ:INTC) to 66, from 78 in Q2. The consolidated value of these stakes is over $6.4 billion.

D E Shaw made its first investment in Intel Corporation (NASDAQ:INTC) during the fourth quarter of 2010. In Q3 2021, the hedge fund increased its stake in the company by 10% and now holds shares worth $532.1 million. Intel Corporation (NASDAQ:INTC) represented 0.48% of D. E. Shaw’s portfolio. Due to the company’s investment in processor development, recently, Tigress Financial lifted its price target on the stock to $72. The firm maintained its Buy rating on the shares.

Andaz Private Investments mentioned Intel Corporation (NASDAQ:INTC) in its Q3 2021 investor letter. Here is what the firm has to say:

“Intel (INTC) is trading on a high single digit earnings multiple and is essentially: 1) an oligopolistic foundry set to benefit from large government incentives; and 2) a semiconductor business that is returning to competitiveness after years of being a laggard.”