5 Technology Stocks To Buy That Are Too Cheap To Ignore

Let’s take a look at the five technology stocks that are too cheap to ignore. For more stocks and some key insights about the sector, head on to 10 Technology Stocks To Buy That Are Too Cheap To Ignore.

5. Intel Corporation (NASDAQ:INTC)

Share Price as of October 15, 2022: $25.85

Number of Hedge Fund Holders: 65

Intel Corporation (NASDAQ:INTC) is one of the oldest and largest chipmaking companies in the world. It manufactures a laundry list of different processors that are used by both everyday users and organizations. The company is headquartered in Santa Clara, California, the United States.

Intel Corporation (NASDAQ:INTC) has faced a host of troubles over the years, which intensified its share price drop this year as the company announced significant market share decline. However, despite these struggles, the firm holds a commanding position in its market, with the latest tally highlighting that it had captured 70% of the highly lucrative data center market.

Intel Corporation (NASDAQ:INTC) also has its eyes on the future and is the front runner in acquiring advanced chipmaking machines from the Dutch firm ASML. These machines are necessary for advanced chip manufacturing technologies, and Intel is also slated to benefit from the U.S. government’s multi billion dollar bill to spur local chip manufacturing. By the end of this year’s second quarter, 65 out of the 895 hedge funds polled by Insider Monkey had held the company’s shares.

Out of these, David Blood and Al Gore’s Generation Investment Management is Intel Corporation (NASDAQ:INTC)’s largest investor. It owns 14 million shares that are worth $552 million.