In this article, we will look at 5 best stocks to buy in 2022 according to billionaire Julian Robertson’s Tiger Management. If you want to learn about Julian Robertson’s investment philosophy and his hedge fund’s history, you can go to 10 Best Stocks to Buy in 2022 According to Billionaire Julian Robertson’s Tiger Management.
5. QUALCOMM, Incorporated (NASDAQ:QCOM)
Tiger Management’s Stake Value: $24,986,000
Percentage of Tiger Management’s 13F Portfolio: 4.12%
Number of Hedge Fund Holders: 73
As of March 31, Tiger Management’s stakes in QUALCOMM, Incorporated (NASDAQ:QCOM) sit at $24.98 million. The investment covers 4.12% of the fund’s Q1 2022 investment portfolio and ranks the stock sixth among the fund’s top 13F holdings.
On April 27, QUALCOMM, Incorporated (NASDAQ:QCOM) posted a market-beating quarter and announced earnings for the fiscal second quarter of 2022. The company reported earnings per share of $3.21 and exceeded Wall Street consensus by $0.29. QUALCOMM, Incorporated (NASDAQ:QCOM) reported revenue growth of 40.79% year over year and generated revenues of $11.16 billion, beating estimates by $558.33 million.
Analysts are becoming bullish on the information technology sector and more particularly on QUALCOMM, Incorporated (NASDAQ:QCOM). On May 5, Tigress Financial analyst Ivan Feinseth raised his price target on QUALCOMM, Incorporated (NASDAQ:QCOM) to $238 from $195 and maintained a Buy rating on the shares. Moreover, on May 18, Jefferies equity strategist Sean Darby upgraded his view on the Information Technology sector to Bullish and named QUALCOMM, Incorporated (NASDAQ:QCOM) among the 10 S&P 500 IT Index stocks with the best forward return of capital and free cash flow yield.
By the end of the first quarter of 2022, 73 hedge funds were long QUALCOMM, Incorporated (NASDAQ:QCOM). These funds held collective stakes of $3.55 billion in the company.
ClearBridge Investments named QUALCOMM, Incorporated (NASDAQ:QCOM) in its fourth-quarter 2021 investor letter. Here is why QUALCOMM Incorporated (NASDAQ:QCOM) is a “long-term buy” according to experts at ClearBridge:
“Market strength continued in the fourth quarter, with only the communication services sector down in the Russell 1000 Value Index. Portfolio returns benefited from the strong performance of semiconductor maker Qualcomm, which has executed exceptionally well in pursuing the transition to 5G, growing both content and share due to its leadership position in cellular technology. The chipmaker recently outlined a number of peripheral growth opportunities outside of mobile markets, including automotive (where it hopes to leverage its strong presence in the automotive infotainment space into advanced driver assistance systems), Internet of Things (including opportunities in the PC market, VR/AR market, and factory automation) and radio frequency (where mmWave adoption globally, including China, would drive substantial upside).”
