5 Best Stocks to Invest In Right Now According to Seth Klarman

4. Qorvo, Inc. (NASDAQ: QRVO)

Klarman’s Stake Value: $954,510,000
Percentage of Seth Klarman’s 13F Portfolio: 7.6%
Number of Hedge Fund Holders: 41

Qorvo, Inc. (NASDAQ: QRVO) is a technology company specializing in the development and sale of technologies and products for wired and wireless connectivity. 

Qorvo, Inc. (NASDAQ: QRVO) recently announced the acquisition of California-based NextInput, which offers force-sensing solutions for human-machine interface (HMI). The acquisition is in line with its strategy to expand its technology portfolio and accelerate the deployment of force-sensing solutions using MEMS-based sensors.

Qorvo, Inc. (NASDAQ: QRVO) reported a 36% growth in sales in Q4 2020 to $1.07 billion while EPS was $2.74 and beat projections by $0.31. There was a 46% improvement in margin to 52.6% from 49.6% in Q4 2019. Barclays has upgraded the stock to “Overweight” from “Equalweight,” raising the price target to $210 from $200.