5 Tech Stocks to Buy Now According to Late Michael Price’s MFP Investors

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1. Intel Corporation (NASDAQ:INTC)

MFP Investors’ stake value: $106 million

Percentage of MFP Investors’ portfolio: 11.78%

Number of hedge fund holders: 75

Intel Corporation (NASDAQ:INTC) is the largest stock holding of MFP Investors, according to the latest 13F filings. The firm has been holding a stake in the company since 2012. The company’s stock price underperformed in the past five years due to increasing market competition. However, it continued to return cash to investors in the form of dividends. The company’s future prospects improved after it announced plans to invest around $90 billion in the European market to expand its market share. 

In the fourth quarter investor letter, ClearBridge Investments, an investment management firm, mentioned a few stocks including Intel. Here is what ClearBridge stated:

“Intel, whose policies and disclosures around its environmental footprint and impact, diversity and inclusion and supply chain auditing are best in class and the gold standard for the broader industry, has also been successful in effectively vaccinating its entire Southeast Asia workforce as well as supporting initiatives to vaccinate others in the surrounding area. In September 2021 it announced it was earmarking RM2 million (~USD$475k) toward COVID-19 relief efforts, on top of the already committed RM3.2 million (~USD$760k) it had made since the start of the pandemic in 2020. Donations target medical equipment for hospitals, community care packages of food and essentials for underserved groups and technological assistance for remote learning. 

You can also take a look at 10 Best Semiconductor Stocks to Invest in According to Ken Griffin’s Citadel Investment Group and Consumer Staples Stocks To Buy According To Billionaire Ray Dalio.

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