5 High Beta Dividend Stocks to Buy

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1. Microchip Technology Incorporated (NASDAQ:MCHP)

Number of Hedge Fund Holders: 50

Dividend Yield: 1.2%

Beta Value: 1.85

Microchip Technology Incorporated (NASDAQ:MCHP) is a leading technology company operating in the US. The company is publicly listed as an American corporation and manufactures microcontroller, mixed-signal, analog, and Flash-IP integrated circuits. It ranks 1st on our list of high beta dividend stocks to buy.

This October, Stifel analyst Tore Svanberg began covering shares of Microchip Technology Incorporated (NASDAQ:MCHP) with a Hold rating. The analyst also placed a $76 price target on the shares.

The end of the second quarter showed 50 hedge funds holding stakes in Microchip Technology Incorporated (NASDAQ:MCHP) worth roughly $1.1 billion. Comparatively, 42 hedge funds held stakes in the company in the previous quarter, worth roughly $962 million.

You can also take a peek at Cathie Wood’s Strong Comeback: ARK’s Latest Stock Picks, Portfolio Updates and Comments and Top 20 Valuable and Innovative AI Companies in the World.

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