10 Best American Semiconductor Stocks to Buy Now

8. QUALCOMM Incorporated (NASDAQ:QCOM

Number of Hedge Fund Holders: 82

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the 10 Best American Semiconductor Stocks to Buy Now. On June 3, Bernstein SocGen Group analysts reiterated an “Outperform” rating for QUALCOMM Incorporated (NASDAQ:QCOM) and kept their price target at $185.

This decision comes after the firm took part in a Best Ideas panel at Bernstein’s 41st annual Strategic Decisions Conference the previous week.

During the panel, QUALCOMM Incorporated (NASDAQ:QCOM) was described as one of the more interesting and unconventional investment ideas by the firm’s analysts. Bernstein SocGen Group analysts pointed out that while QUALCOMM Incorporated (NASDAQ:QCOM) might not be their top pick, it is still an attractive choice because of its strong market position.

QUALCOMM Incorporated (NASDAQ:QCOM) is an American multinational corporation that creates semiconductors, software, and services related to wireless technology. The company’s portfolio includes products for processors, modems, platforms, RF systems, and connectivity.