5 High Growth Semiconductor Stocks that are Profitable

4. STMicroelectronics N.V. (NYSE:STM)

Q/Q Sales Growth: 35.20%

Number of Hedge Fund Holders in Q3 2022: 19

STMicroelectronics N.V. (NYSE:STM) is a European semiconductor company that makes and sells products such as amplifiers, power transistors, and integrated circuits. The firm is headquartered in Geneva, Switzerland.

STMicroelectronics N.V. (NYSE:STM) is one of the first companies that has used artificial intelligence to design a working chip according to an announcement that it made in February 2023. 19 of the 920 hedge funds polled by Insider Monkey in Q3 2022 had invested in the firm.

STMicroelectronics N.V. (NYSE:STM)’s largest investor is Steven Cohen’s Point72 Asset Management which owns 24 million shares that are worth $87 million.

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