US Politicians are Buying These 5 Semiconductor Stocks

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 76      

Intel Corporation (NASDAQ:INTC) markets key technologies for smart devices. On August 11, US House member Kathy Manning disclosed a transaction related to Intel Corporation (NASDAQ:INTC) stock worth somewhere between $1,000 and $15,000. The member revealed that her husband bought the stock worth the above mentioned amount in mid-July.

On July 29, Wedbush analyst Matt Bryson maintained an Underperform rating on Intel Corporation (NASDAQ:INTC) stock and lowered the price target to $35 from $44, noting that the firm was better positioned to meet expectations after the second quarter earnings miss. 

At the end of the first quarter of 2022, 76 hedge funds in the database of Insider Monkey held stakes worth $3.1 billion in Intel Corporation (NASDAQ:INTC), compared to 72 in the previous quarter worth $5.5 billion.

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

“Intel Corporation (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.”