5 American Stocks with High Exposure to China

In this article, we discuss 5 American stocks with high exposure to China. If you want to see more stocks in this selection, check out 10 American Stocks with High Exposure to China. 

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 71

QUALCOMM Incorporated (NASDAQ:QCOM) is a California-based company that develops foundational technologies for the wireless industry worldwide. In 2021, QUALCOMM Incorporated (NASDAQ:QCOM) reported a full-year revenue of $33.5 billion, and $22.5 billion came from China. This means roughly 67.4% of the firm’s total revenue was exposed to China. QUALCOMM Incorporated (NASDAQ:QCOM) is one of the companies with the highest exposure to China, and an economic slowdown in China will lead to problems for the company.

On July 29, DZ Bank analyst Ingo Wermann downgraded QUALCOMM Incorporated (NASDAQ:QCOM) to Hold from Buy with a $150 price target.

According to Insider Monkey’s data, 71 hedge funds were bullish on QUALCOMM Incorporated (NASDAQ:QCOM) at the end of Q2 2022, compared to 73 funds in the prior quarter. Alkeon Capital Management is a significant position holder in the company, with 4.2 million shares worth $541.15 million. 

Here is what ClearBridge Investments Large Cap Value Strategy has to say about QUALCOMM Incorporated (NASDAQ:QCOM) in its Q4 2021 investor letter:

“Market strength continued in the fourth quarter, with only the communication services sector down in the Russell 1000 Value Index. Portfolio returns benefited from the strong performance of semiconductor maker Qualcomm, which has executed exceptionally well in pursuing the transition to 5G, growing both content and share due to its leadership position in cellular technology. The chipmaker recently outlined a number of peripheral growth opportunities outside of mobile markets, including automotive (where it hopes to leverage its strong presence in the automotive infotainment space into advanced driver assistance systems), Internet of Things (including opportunities in the PC market, VR/AR market, and factory automation) and radio frequency (where mmWave adoption globally, including China, would drive substantial upside).”