Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Beech Hill’s Favorite Tech Stocks This Quarter

Page 1 of 3

Beech Hill Partners, a firm headed by Paul Cantor, Joseph Weiss and Will Wurm, is betting big on the technology sector; as of the end of March the sector represented about 27% of the fund’s equity portfolio. The fund managers are wary of the prevailing market turbulence and as a hedge against they have been more inclined to keep large cash balances and investments are mostly made in high-yielding large-cap companies with strong balance sheets and high free cash flow generation. This us then take a look at which companies fulfill this criteria.

Our research determined that following the small-cap stocks, that hedge funds are collectively bullish on, can help a smaller investor beat the S&P 500 by around 95 basis points per month (see more details here).

#5 QUALCOMM, Inc. (NASDAQ:QCOM)

– Shares Owned by Beech Hill (as of March 31): 74,300

– Value of Holding (as of March 31): $3.80 Million

During the first quarter Beech Hill only added 100 shares to its QUALCOMM, Inc. (NASDAQ:QCOM) position. The stock price of the $77 billion technology company is up by 5.6% so far this year, on the heels of Qualcomm’s satisfactory financial results for the second fiscal quarter in which it managed to beat both top- and bottom-line estimates. The guidance for the third quarter was, however, a mixed one as compared to the expectations that analysts had. Two other recent noteworthy developments involving Qualcomm include the settlement of an arbitration dispute with LG and a 3G/4G patent licensing deal struck with Chinese OEM Hisense. Ken Fisher‘s Fisher Asset Management hiked its QUALCOMM, Inc. (NASDAQ:QCOM) holding by 2% during the first quarter to 9.56 million shares.

 

Follow Qualcomm Inc (NASDAQ:QCOM)
Trade (NASDAQ:QCOM) Now!

#4 Cisco Systems, Inc. (NASDAQ:CSCO)

– Shares Owned by Beech Hill (as of March 31): 143,400

– Value of Holding (as of March 31): $4.08 Million

Beech Hill inched up its stake in the San Jose-based company by 3% during the first three months of 2016. While trading almost flat year-to-date, Cisco Systems, Inc. (NASDAQ:CSCO)’s shares are down by more than 7% in the last twelve months, which is still better than the decline of 19% of the communications equipment industry during the same period. Cisco recently has signed a deal with Hyundai, in order to help it establish an industry-leading connected car platform for high-speed transfers of large amounts of data. Moreover, Cisco is also planning to increase its footprint in the networking semiconductor space by acquiring Israel-based Leaba Semiconductor for $320 million in cash. Edinburgh Partners, led by Sandy Nairn, trimmed its Cisco Systems, Inc. (NASDAQ:CSCO) stake by 4% in the first quarter to 2.85 million shares.

 

Follow Cisco Systems Inc. (NASDAQ:CSCO)
Trade (NASDAQ:CSCO) Now!

Page 1 of 3
Loading Comments...