Retirement Stock Portfolio: 5 Safe Tech Stocks To Consider

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 78 

Though Intel Corporation (NASDAQ:INTC) is considered as one of the pioneer semiconductor companies, its reputation has been targeted recently due to the global chip shortage. To overcome the loss, the company has decided to cut the prices of its GPUs to drive more customers. However, the quarterly earnings of Intel Corporation (NASDAQ:INTC) remained intact as the company posted an EPS of $1.28 in Q2, beating the market consensus by $0.19.

Intel Corporation (NASDAQ:INTC) pays an annual dividend of $1.39 per share, yielding 2.58%. The company has a track record of four years of consistent dividend growth, with a dividend payout ratio of 26.2%. Ken Fisher’s Fisher Asset Management is the company’s leading shareholder, with shares worth $1.7 billion. In addition to this, 78 hedge funds tracked by Insider Money reported having stakes in Intel Corporation (NASDAQ:INTC) in Q2 2021, compared with 83 in the previous quarter. The value of these stakes is $6.76 billion.

Alger, an investment management firm, mentioned Intel Corporation (NASDAQ:INTC) in its Q1 2021 investor letter. Here is what the firm has to say:

“Short exposure to Intel also detracted from performance. Intel designs and manufactures semiconductors for the computing and communications industries. Intel’s proprietary intellectual strength and manufacturing prowess versus the competition is deteriorating, which is causing the company to lose market share and profit opportunities. The short position detracted from portfolio returns as the share price reacted positively to the announcement of Pat Gelsinger being hired as chief executive officer, a stronger-than-anticipated quarterly earnings report driven by unusually robust PC sales that we believe are unsustainable and the unveiling of “Intel Unleashed,” a new long-term program to help improve manufacturing and spur innovation. This program involves opening two fabrication plants in Arizona, which confirms Intel’s commitment to continue as an integrated design manufacturer. Importantly, Intel continues to experience issues with its next generation server chips which are disadvantaging Intel versus the competition.”