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

2. Xilinx, Inc. (NASDAQ: XLNX)

Berry Street Capital’s Stake Value: $77.744 million
Percentage of Berry Street Capital’s 13F Portfolio: 6.84%
Number of Hedge Fund Holders: 59

Inaugurated in 1984 and rooted in San Jose, California, Xilinx, Inc. (NASDAQ: XLNX) ranks 2nd on our list of best tech stocks to buy now according to Orkun Kilic’s Berry Street Capital. Xilinx, Inc. (NASDAQ: XLNX) specializes in the designing, developing, and marketing of programmable devices and associated technologies internationally. Latest filings by Berry Street Capital reveal that the hedge fund owned 537,500 shares in the firm at the end of June 2021 that are worth $77.744 million, representing 6.84% of the portfolio. 

On August 3rd, Barclays raised Xilinx, Inc. (NASDAQ: XLNX)’s price target from $134 to $165 with an Equal Weight rating. With a stock price of $155.06, the price went up by 30.59% in the last 6 months. The second quarter revenue of Xilinx, Inc. (NASDAQ: XLNX) was $766.54 million compared to the first quarter’s $726.67 million.

As of the second quarter, 59 hedge funds out of 873 funds tracked by Insider Monkey held stakes in the company worth $4.16 billion versus the first quarter’s 57 hedge funds with a stake of $3.58 billion. With a stake of $328 million, Israel Englander is the company’s biggest stakeholder.

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