5 Best Semiconductor Stocks to Buy in 2021

4. NVIDIA Corporation (NASDAQ: NVDA)

Number of Hedge Fund Holders: 88

Headquartered in Santa Clara, California, NVIDIA Corporation operates as designer of graphics processing units for the gaming devices and also provides processors on chip units for the mobile computing market. The company’s products are also used in professional visualization and automotive markets. In February 2021, NVIDIA reported Q4’20 results – top line beat consensus by about $180 million and bottom line beat by $0.29, driven by solid growth of 67% year-on-year in Gaming business and management expects strong margins to continue going forward. Additionally, in September 2020, NVIDIA announced its plan to acquire Arm from SoftBank Group – the transaction is expected to complete by March 2022 and will be immediately accretive to the company’s gross margin and EPS.

With a $2.5 billion stake in NVIDIA, GQG Partners owns 3.7 million shares of the company as of the end of the fourth quarter of 2020. Our database shows that 88 hedge funds held stakes in NVDA at the end of the fourth quarter, versus 82 funds at the end of the third quarter.