5 Best Stocks To Buy For A Weak US Dollar

4. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 71

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the largest chip companies in the world. It sells several semiconductor products such as CPUs, GPUs, modems, and others for smartphones, cars, and Internet of Things (IoT) gadgets.

QUALCOMM Incorporated (NASDAQ:QCOM) brings in almost all of its revenues from outside the U.S. For instance, it brought in $33.5 billion in revenue in 2021, out of which only $1.4 billion was earned in its home country, the U.S. China formed the largest proportion, with QUALCOMM Incorporated (NASDAQ:QCOM) earning $22.5 billion from the country. Additionally, the company is also one of the cheapest stocks in its peer group of big tech, through a 7.2x enterprise value to forward operating income ratio. The sector median is 11x.

QUALCOMM Incorporated (NASDAQ:QCOM) pays a 75 cent dividend for a 2.52% yield. Insider Monkey took a look at 895 hedge fund portfolios for their June quarter of 2022 holdings to discover that 71 had held a stake in the company.

QUALCOMM Incorporated (NASDAQ:QCOM)’s largest investor is Panayotis Takis Sparaggis’s Alkeon Capital Management which owns 4.2 million shares that are worth $541 million.