5 Best Dividend Stocks According to John Overdeck And David Siegel’s Two Sigma Advisors

3. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 66
Dividend Yield as of January 18: 2.57%

Intel Corporation (NASDAQ:INTC) was recently added to Citigroup’s ‘Positive Catalyst Watch’ list and expects the stock to trade well in the coming months. The firm lifted its price target on the stock to $58, with a Neutral rating on the shares.

In 2021, Intel Corporation (NASDAQ:INTC) announced a 5% increase in its quarterly dividend to $0.3475 per share, marking a 7^th consecutive year of dividend growth. The stock’s current dividend yield stands at 2.57%. Two Sigma Advisors made its first investment worth $7.2 million in Intel Corporation (NASDAQ:INTC) during the fourth quarter of 2010. In Q3 2021, the hedge fund increased its position in the company by 12%, and now holds a stake worth $444.07 million. The company represented 1.15% of John Overdeck and David Siegel’s 13F portfolio in Q3.

With a stake worth $6.47 billion, 66 hedge funds tracked by Insider Monkey held positions in Intel Corporation (NASDAQ:INTC) in Q3, down from 78 in the preceding quarter. Among these hedge funds, Fisher Asset Management was the company’s largest shareholder in Q3, holding a 1.7 billion worth of stake.

Andaz Private Investments mentioned Intel Corporation (NASDAQ:INTC) in its Q3 2021 investor letter. Here is what the firm has to say:

“Intel (INTC) is trading on a high single digit earnings multiple and is essentially: 1) an oligopolistic foundry set to benefit from large government incentives; and 2) a semiconductor business that is returning to competitiveness after years of being a laggard.”