5 Undervalued Chip Stocks To Buy Today

3. Intel Corporation (NASDAQ:INTC)

Number of Recent Mentions: 6

Number of Hedge Fund Holders: 69

Intel Corporation (NASDAQ:INTC) is a multinational corporation and technology company based in Santa Clara, California. In addition to its core business of designing and manufacturing microprocessors, Intel also produces a range of other technology products, including motherboards, graphics processing units, and solid-state drives. Intel Corporation (NASDAQ:INTC) also has a significant presence in the internet of things (IoT) market, with a range of products and solutions for connecting devices to the internet and enabling the creation of smart environments.

On October 28, 2022, Gus Richard, an analyst at Northland, reiterated his Outperform rating on Corporation (NASDAQ:INTC) with a price target of $52. According to the analyst, the company’s roadmap of five nodes in four years will result in visible benefits in the second half of 2023.

At the end of Q3 2022, 69 hedge funds in Insider Monkey’s database were long Intel Corporation (NASDAQ:INTC). Two Sigma Advisors remained the leading stakeholder of the company at the end of Q3 2022.