5 Semiconductor Stocks for the Next 20 Years

In this article, we discuss 5 semiconductor stocks for the next 20 years. If you want to read about some more semiconductor stocks for the next 20 years, go directly to “If It Goes Lower, Buy Some More”: 10 Semiconductor Stocks for the Next 20 Years.

5. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 76      

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. On July 28, the company posted earnings for the second quarter of 2022, reporting earnings per share of $0.29, missing market estimates by $0.41. The revenue over the period was $15.3 billion, down close to 17% compared to the revenue over the same period last year and missing estimates by $2.6 billion. The firm also lowered full-year revenue guidance to $68 billion against estimates of $74 billion. The company retained adjusted free cash flow guidance for the year. 

On August 1, Northland analyst Gus Richard maintained an Outperform rating on Intel Corporation (NASDAQ:INTC) stock with a price target of $55, noting that the manufacturing capability of the firm had strategic value to the US government. 

At the end of the first quarter of 2022, 76 hedge funds in the database of Insider Monkey held stakes worth $3.1 billion in Intel Corporation (NASDAQ:INTC), compared to 72 in the previous quarter worth $5.5 billion.

Baron Funds, an asset management firm, mentioned Intel Corporation (NASDAQ:INTC) in its first-quarter 2022 investor letter. Here is what they said:

“Intel Corporation (NASDAQ:INTC) capital spending process is guided by a process they appropriately named “copy exactly.” This means that they attempt to “copy exactly” what they have already built and attempt to improve tried and true processes iteratively.”