5 Best Technology Stocks That Outperformed in 2022

In this article, we discuss 5 best technology stocks that outperformed in 2022. If you want to see more best technology stocks that outperformed in 2022, the risk/reward, and methodology of this list, go directly to 12 Best Technology Stocks That Outperformed in 2022.

5. Lockheed Martin Corporation (NYSE:LMT)

Year to Date Return as of December 14: 36.92%

Number of Hedge Fund Holders: 53

Lockheed Martin Corporation (NYSE:LMT) is a defense giant that makes military aircraft such as the F-22 and F-35. Like other leading defense stocks, Lockheed Martin Corporation (NYSE:LMT) has done well in 2022.

While the Nasdaq has declined 29.44%, Lockheed Martin Corporation (NYSE:LMT) shares have surged 36.92% year to date. One reason for the outperformance could be the company’s strong earnings. For Q3, Lockheed Martin Corporation (NYSE:LMT)’s adjusted EPS rose to $6.87 from $6.60 in the same quarter of the prior year. Sales rose to $16.6 billion compared to $16 billion in the third quarter of 2021.

53 hedge funds in our database owned shares of Lockheed Martin Corporation (NYSE:LMT) at the end of Q3, ranking the stock #5 on our list of 12 Best Technology Stocks That Outperformed in 2022.