In this article, we discuss the 5 best tech stocks to buy according to billionaire Julian Robertson. If you want to read our detailed analysis of Robertson’s history and hedge fund performance, go directly to the 10 Best Tech Stocks to Buy According to Billionaire Julian Robertson.
5. QUALCOMM Incorporated (NASDAQ: QCOM)
Robertson’s Stake Value: $21,678,000
Percentage of Julian Robertson’s 13F Portfolio: 4.26%
Number of Hedge Fund Holders: 73
QUALCOMM Incorporated (NASDAQ: QCOM) is a technology company working in the development of foundational technologies and products to be used in mobile devices and wireless products including network equipment and broadband gateway equipment. The company is also a manufacturer of semi-conductors and ranks 5th on our list of the top tech stock picks according to billionaire Julian Robertson.
On June 13th, QUALCOMM Incorporated (NASDAQ: QCOM) said it would consider an investment in ARM Holdings if Nvidia’s $40 billion acquisition fails. QUALCOMM Incorporated’s (NASDAQ: QCOM) Q121 report also revealed a $7.93 billion revenue and earnings valued at $1.76 billion. Additionally, QUALCOMM Incorporated (NASDAQ: QCOM) beat EPS estimates by $0.23 with its $1.9 EPS value. Yet, the stock lost 7.45% in the past 6 months and 7.54% year to date, but still has a forward PE ratio of 17.61.
As of Q121, 73 hedge funds held stakes in the company worth over $2.76 billion, down from 85 hedge funds in Q420, but there has been a slight increase in the stake value between the quarters since the stake value last quarter was $2.72 billion. Tiger Management holds 163,500 shares in the company worth $21 million.
“Within IT, we have also increased exposure to a cyclical semiconductor industry currently working through a severe supply shortage due to several years of capacity reductions, COVID-19 shutdowns and one-off production delays as well as demand resilience in areas like autos and smartphones. The main risk for semiconductors is short-term revenue pressure until capacity catches up with demand, which hurt wireless chipmaker Qualcomm. Looking past current constraints, we expect the industry to see a strong second half and solid growth in 2022.”