5 Internet of Things (IoT) Stocks Billionaires Are Loading Up On

3. NXP Semiconductors N.V. (NASDAQ:NXPI)

Number of Billionaire Investors: 11

NXP Semiconductors N.V. (NASDAQ:NXPI) is another semiconductor design company. It designs and sells systems on chips (SoCs), connectivity chips, and other products that are used in IoT devices. Additionally, NXP Semiconductors N.V. (NASDAQ:NXPI) also provides IoT development and data security solutions.

53 of the 943 hedge funds profiled by Insider Monkey for their March quarter of 2023 shareholdings had held a stake in NXP Semiconductors N.V. (NASDAQ:NXPI). Its largest shareholder is billionaire Ken Griffin’s Citadel Investment Group with a $171 million investment.

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