5 Semiconductor Stocks that Pay Dividends

1. Intel Corporation (NASDAQ:INTC)

Dividend Yield as of August 23: 4.29%

Intel Corporation (NASDAQ:INTC) is an American multinational tech and semiconductor company. In August, Northland lifted its price target on the stock to $55 with an ‘Outperform’ rating on the shares, highlighting the company’s manufacturing capability.

For its Q2 2022, Intel Corporation (NASDAQ:INTC) reported revenue of $15.3 billion, down 17.3% from the same period last year. Its operating cash flow stood at $809 million. The company expects its revenue to fall somewhere between $65 billion and $68 billion during its FY22, versus the consensus of $74.3 billion. Intel Corporation (NASDAQ:INTC) pays a quarterly dividend of $0.365 per share, with INTC shares yielding 4.29% as of August 23. The company has been raising its dividend consistently for the past seven years.

As of the end of Q2 2022, 65 of the hedge funds tracked by Insider Monkey owned stakes in Intel Corporation (NASDAQ:INTC), down from 76 in the previous quarter. Those stakes held a collective value of over $2.5 billion.

Baron Funds mentioned Intel Corporation (NASDAQ:INTC) in its Q1 2022 investor letter. Here is what the firm had to say:

“Intel’s (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.”

You can also take a look at 10 Small-Cap Stocks that Pay Dividends and 10 Safe Dividend Stocks with Over 4% Yield

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