5 Best 5G Stocks to Buy Now

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In this article we discuss the 5 best 5G stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to 10 Best 5G Stocks to Buy Now.

5. Broadcom Inc. (NASDAQ: AVGO)

Number of Hedge Fund Holders: 59

Broadcom is one of the best 5G stocks to buy now. In 2019, the company said it completed its 5G switching portfolio designed to enable the end-to-end networks. Last year, the company said it would sell $15 billion worth of wireless equipment to Apple over the next 3 years. In the fourth quarter, the company posted better-than-expected revenue and strong profit. Operating profit in the quarter jumped 23% to $1.84 billion.

According to our database, the number of AVGO’s long hedge funds positions was unchanged at the end of the fourth quarter of 2020. There were still 59 hedge funds that hold a position in AVGO. The biggest stakeholder of the company is Cantillon Capital Management, with 1.2 million shares, worth $505.7 million.

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