5 Best Semiconductor Stocks to Invest in According to Ken Griffin’s Citadel Investment Group

In this piece, we will take a look at the five best semiconductor stocks to invest in according to Ken Griffin’s Citadel Investment Group. If you want to learn more about the $489 billion hedge fund and its billionaire founder, then head on to 10 Best Semiconductor Stocks to Invest in According to Ken Griffin’s Citadel Investment Group.

5. QUALCOMM Incorporated (NASDAQ:QCOM)

Citadel Investment Group’s Stake Value: $301 million

Percentage of  Citadel Investment Group’s 13F Portfolio: 0.06%

Number of Hedge Fund Holders: 76

QUALCOMM Incorporated (NASDAQ:QCOM) is an American company known for its network and smartphone products. These are used to power devices such as smartphones and routers, alongside other communications equipment.

Citadel Investment Group owned 1.6 million QUALCOMM Incorporated (NASDAQ:QCOM) shares during the fourth quarter of last year, in a $301 million stake which represented 0.06% of its portfolio. During the same time period, 76 of the 924 hedge funds polled by Insider Monkey also held the company’s shares.

By the end of its fiscal Q1, QUALCOMM Incorporated (NASDAQ:QCOM) had reported $10.7 billion in revenue and $3.23 in non-GAAP EPS, which let it beat analyst estimates for both. In a big announcement, BWM revealed in March 2022 that had entered into a partnership with QUALCOMM Incorporated (NASDAQ:QCOM) for developing automated driving assistance platforms.

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