10 Most Profitable NASDAQ Stocks Today

In this article, we will look at the 10 most profitable NASDAQ stocks today. If you want to explore similar stocks, you can go to 25 Most Profitable NASDAQ Stocks Today.

10. Texas Instruments Incorporated (NASDAQ:TXN)

Number of Hedge Fund Holders: 59

Net Income (TTM) as of December 31, 2022: $8.70 billion

At the end of Q3 2022, 59 hedge funds were bullish on Texas Instruments Incorporated (NASDAQ:TXN) and disclosed positions worth $1.78 billion in the company. As of December 31, First Eagle Investment Management is the most prominent investor in the company and has a position worth $604.6 million.

On January 24, Texas Instruments Incorporated (NASDAQ:TXN) posted earnings for the fiscal fourth quarter of 2022. The company reported an EPS of $2.19 and outperformed EPS estimates by $0.16. The company generated a revenue of $4.67 billion and beat consensus by $42.8 million. Texas Instruments Incorporated (NASDAQ:TXN) generated a net income of $8.70 billion in fiscal 2022. The stock is ranked tenth among the most profitable NASDAQ stocks today.

Here is what Diamond Hill Capital had to say about Texas Instruments Incorporated (NASDAQ:TXN) in its third-quarter 2022 investor letter:

“Other top contributors in Q3 included health insurance company Humana, semiconductor manufacturer Texas Instruments Incorporated (NASDAQ:TXN) and home improvement retailer Home Depot. Shares of Texas Instruments outperformed as the COVID lockdowns eased in China, and customers could accept the product shipments leading to an upside in expectations.”