5 Best Dogs of the Dow Stocks Ranked By Hedge Fund Sentiment

2. Intel Corporation (NASDAQ:INTC)

Number of Hedge Fund Holders: 69

Intel Corporation (NASDAQ:INTC) is a California-based multinational semiconductor company. The company has been raising its dividends consistently for the past seven years and paid dividends for 28 years in a row. Its dividend growth and solid balance sheet make it one of the best dividend stocks on our list. The company currently pays a quarterly dividend of $0.365 per share and has a dividend yield of 5.06%, as of December 14.

Intel Corporation (NASDAQ:INTC) reported strong earnings in the third quarter of 2022. The company expects its revenue to be between $14 billion to $15 billion in the next quarter.

As of the end of the September quarter, 69 hedge funds owned stakes in Intel Corporation (NASDAQ:INTC), up from 65 in the previous quarter. These stakes have a total value of roughly $2 billion. With over 15 million shares, Two Sigma Advisors was one of the company’s leading stakeholders in Q3.

ClearBridge Investments mentioned Intel Corporation (NASDAQ:INTC) in its Q3 2022 investor letter. Here is what the firm has to say:

“Also on the detractor side, Intel Corporation (NASDAQ:INTC) delivered a disappointing revenue miss and lowered full-year revenue and earnings guidance as COVID-19-driven demand for PCs abated (where Intel enjoys half its sales) and a delay in its flagship Sapphire Rapids CPU hurt its data center business. Despite these issues, we still believe Intel is an economically sensitive turnaround story with substantial upside.”