5 Most Undervalued Dow Stocks To Buy According To Hedge Funds

4. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 69

Intel Corporation (NASDAQ:INTC) has shed about 5% over the past 30 days as the company posted a quarterly report and posted guidance that surprised many. Intel Corporation (NASDAQ:INTC)’s short-term outlook does not look good and some analysts are questioning the safety of Intel’s dividend. However, Intel Corporation (NASDAQ:INTC) could be a decent option for long-term investors as sooner or later the headwinds faced by the company due to the broader market’s downturn are expected to fade. Intel Corporation (NASDAQ:INTC) is after all one of the market leaders that is set to gain due to its presence in the semiconductor market for AI, gaming and other applications.

A total of 69 hedge funds tracked by Insider Monkey reported having stakes in Intel Corporation (NASDAQ:INTC) at the end of the third quarter of 2022.

ClearBridge Investments made the following comment about Intel Corporation (NASDAQ:INTC) in its Q3 2022 investor letter:

“Also on the detractor side, Intel Corporation (NASDAQ:INTC) delivered a disappointing revenue miss and lowered full-year revenue and earnings guidance as COVID-19-driven demand for PCs abated (where Intel enjoys half its sales) and a delay in its flagship Sapphire Rapids CPU hurt its data center business. Despite these issues, we still believe Intel is an economically sensitive turnaround story with substantial upside.”