5 Semiconductor Stocks Popular Among Elite Hedge Funds

In this article, we will be taking a look at 5 semiconductor stocks popular among elite hedge funds. To read our detailed analysis of the semiconductor sector, you can go directly to see the 10 Semiconductor Stocks Popular Among Elite Hedge Funds.

5. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 76

Intel Corporation (NASDAQ:INTC) is a leading information technology and semiconductor company that designs and manufactures computer products and technologies. The company offers platform products, system-on-chip and multichip packages, and non-platform or adjacent products such as accelerators, boards, and systems.

Deutsche Bank’s Ross Seymore has a Hold rating on Intel Corporation (NASDAQ:INTC) shares, alongside a $45 price target, as of this July.

In July, SL investments, an alternative investment fund manager, offered a bullish analysis of Intel Corporation (NASDAQ:INTC). The firm sees a successful turnaround for the company and believes the currently low valuation of the company’s shares is a buying opportunity for investors. This raises the popularity of the stock among major institutional investors.

As of the first quarter, 76 hedge funds held stakes in Intel Corporation (NASDAQ:INTC). Their total stake value was $3.2 billion.

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

“Intel’s (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.”