5 Best Semiconductor Stocks to Invest in According to DE Shaw

3. QUALCOMM Incorporated (NASDAQ:QCOM)

D.E. Shaw’s Stake Value: $547 million

Percentage of D.E. Shaw’s 13F Portfolio: 0.45

Number of Hedge Fund Holders: 76

QUALCOMM Incorporated (NASDAQ:QCOM) is the world’s leading provider of smartphone applications processors, graphics processing units (GPUs), and modems. The company’s products power smartphones, and it also dabbles in other products such as automobiles and telecommunications.

QUALCOMM Incorporated (NASDAQ:QCOM)’s fiscal Q1 saw it post $10.7 billion in revenue and $3.23 in non-GAAP EPS, in a strong set of results that pleased Wall Street by beating analyst estimates for both. Susquehanna raised the company’s price target to $190 from $175 in February 2022, highlighting that the company is tailoring its supply to growing demand.

D.E. Shaw owned 2.9 million QUALCOMM Incorporated (NASDAQ:QCOM) shares during the fourth quarter of 2021, for a $547 million stake. Insider Monkey’s poll of 924 funds for the same time period saw 76 holdings in the company.

Panayotis Takis Sparaggis’ Alkeon Capital Management is QUALCOMM Incorporated (NASDAQ:QCOM)’s largest investor. It owns 5.3 million shares worth $970 million.