Apple Inc. (AAPL), Microsoft Corporation (MSFT), Amazon.com, Inc. (AMZN) Among Ken Fisher’s Top Tech Bets

Page 1 of 2

FISHER ASSET MANAGEMENTKen Fisher is one of the longest running columnists at Forbes – over 26 years – and is also a billionaire fund manager. Fisher founded Fisher Investment Management in 1979 and uses a global, top-down, dynamic asset allocation strategy. In looking at Fisher’s most recent quarterly 13F filing – which reveals the majority of the public securities owned by the firm – we have identified a key underlying theme: he has an affinity for tech stocks (check out all of Ken Fisher’s latest bets here).

Fisher’s top tech stock is Cisco Systems, Inc. (NASDAQ:CSCO), which is his 5th largest 13F holding. Cisco is expected to see improvement in the U.S. and Asia on new products, including expansion into cloud software. Despite its hopeful market growth in the Far East, Cisco plans to use acquisitions as a key growth avenue, including a recent $6 million investment into a venture capital fund.

Although Cisco’s overall expected growth is less than stellar, it remains one of the better value plays with a $6 billion software business that is expected to grow by 100% over the next three years. Cisco trades at only 13x earnings, below other top tech companies like Oracle (16x) and SAP (22x). Cisco also trades at only 9.5x forward earnings, one of the lowest multiples amongst Fisher’s five tech stocks. Billionaire and founder of Renaissance Technologies Jim Simons is another top fund owner of Cisco after taking a new position last quarter (see Jim Simons’ top picks).

Apple Inc. (NASDAQ:AAPL) made up Fisher’s 10th largest 13F holding after his firm increased their stake almost 1,000% last quarter. Despite market saturation concerns, Apple is still expected to continue its industry leading sales growth. Revenues should be up 25% in fiscal year 2013 following a robust holiday season that includes new iPhone and iPad products. Margins are also expected to expand as iPhones and iPads continue to grow their scale, and production becomes more efficient.

Apple has robust cash flow generating capabilities, having built up over $45 billion in cash that can easily fund its 2% dividend yield or key acquisitions. Compared to Fisher’s other tech stocks and other tech hardware companies, Apple Inc. (NASDAQ:AAPL) is one of the cheapest in the business. The tech giant trades at only 9x forward earnings and has one of the best long-term expected EPS growth rates (21%). This puts Apple’s PEG ratio at 0.5, making it a deep value-oriented investment opportunity.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

The 10 Biggest Outlet Malls in USA

The 5 Most Popular Rap Songs of All Time

The 10 Countries that Eat the Most Meat

The10 Most Expensive Countries to Fly To

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!