Hedge Funds are Buying These 5 Semiconductor Stocks in 2022

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In this piece, we will take a look at the top five stocks that hedge funds are buying in 2022. To learn more about the industry and discover additional stocks, head on to Hedge Funds are Buying These 10 Semiconductor Stocks in 2022.

5) Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 76

Intel Corporation (NASDAQ:INTC) is the largest semiconductor company in the world. It is widely credited with having pioneered the modern day microprocessor, and this is reflected in its name as well, which originally stood for ‘integrated electronics’, referring to the different circuits that come together to form a chip. The company is headquartered in Santa Clara, California, United States.

Intel Corporation (NASDAQ:INTC) is currently at the center of a massive revamp, through which it aims to regain manufacturing leadership globally and diversify its operations by offering its services to other companies. Through these, Intel Corporation (NASDAQ:INTC) will accept orders from other chip firms and build their products for them.

Intel Corporation (NASDAQ:INTC) reported $18 billion in revenue and $0.87 in non-GAAP EPS for its fiscal Q1, beating analyst estimates for both. 76 out of the 912 hedge funds surveyed by Insider Monkey by the end of Q1 2022 had held a stake in the company.

Seth Klarman’s Baupost Group is Intel Corporation (NASDAQ:INTC)’s largest investor among the hedge funds part of Insider Monkey’s research. It owns 16.5 million shares that are worth $822 million.

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