Below we presented the list of 5 Best 5G Stocks To Buy Under $10. For our detailed discussion and a more comprehensive list please see 10 Best 5G Stock To Buy Under $10.
At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the best 5G stocks under $10:
5. Neophotonics Corp (NYSE:NPTN)
No of HFs: 17
Total Value of HF Holdings: $52.2 Million
The 5th best 5G stock to buy under $10 is NPTN. NPTN shares currently trade at $11.14. The top hedge fund holder of this stock is Jim Simons’ Renaissance Technologies which had $16 million invested in the stock at the end of September. An insider recently purchased 50,000 shares at around $3 in May 2019. The stock is up 266% since then. Recently the company announced a new Arrayed Waveguide Grating (AWG) multiplexers and de-multiplexer for high capacity of Data Center Interconnect optical fibers. Tim Jenks, Chairman, and CEO of NeoPhotonics commented,
“We are pleased to announce initial shipments of our new line of AWGs designed to support our customers’ high baud rate DCI and Telecom coherent transmission systems. As an industry leading designer and vertically integrated manufacturer we have been able to respond rapidly to different customer needs and to efficiently meet this emerging market demand,”