5 Best Tech Stocks to Buy Now According to Orkun Kilic’s Berry Street Capital

In this article, we discuss the 5 best tech stocks to buy now according to Orkun Kilic’s Berry Street Capital. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Tech Stocks to Buy Now According to Orkun Kilic’s Berry Street Capital.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Let’s take a look at Orkun Kilic’s top tech stock picks:

5. Maxim Integrated Products, Inc. (NASDAQ: MXIM)

Berry Street Capital’s Stake Value: $44.801 million
Percentage of Berry Street Capital’s 13F Portfolio: 3.94%
Number of Hedge Fund Holders: 56

Ranking 5th on our list of best tech stocks to buy now according to Orkun Kilic’s Berry Street Capital, Maxim Integrated Products, Inc. (NASDAQ: MXIM) operates in America, Asia, and Europe, providing multiple high-frequency process technologies and capabilities for custom builds. Maxim Integrated Products, Inc. (NASDAQ: MXIM) was launched in 1983 and is situated in San Jose, California. Latest filings by Berry Street Capital reveal that the hedge fund owned 425,216 shares in the firm at the end of June 2021 that are worth $44.801 million, representing 3.94% of the portfolio.

On August 19th, Deutsche Bank escalated Maxim Integrated Products, Inc. (NASDAQ: MXIM)’s price target from $104 to $107, with a Buy rating. On August 30th, Analog Devices’ deal to acquire Maxim Integrated Products, Inc. (NASDAQ: MXIM) was reaching its final stretch. The stock price closed at $104.45 on August 26th. The second quarter revenue of Maxim Integrated Products, Inc. (NASDAQ: MXIM) was $720 million compared to the first quarter’s $665 million.

As of the second quarter, 56 hedge funds out of 873 funds tracked by Insider Monkey held stakes in the company worth $4.21 billion versus the first quarter’s 55 hedge funds with a stake of $3.24 billion. With a stake of $1.1 billion, Matthew Halbower is the company’s biggest stakeholder.

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