5 Large-Cap Stocks to Buy According to Matthew Tewksbury’s Stevens Capital

4. Apple Inc. (NASDAQ:AAPL)

Stevens Capital Stake Value: $13,794,000
Percentage of Stevens Capital’s 13F Portfolio: 4.03%
Number of Hedge Fund Holders: 138   

Apple Inc. (NASDAQ:AAPL) designs, manufactures, and sells smartphones, laptops, tablets, wearables, and accessories, as well as several other products and services. Due to ongoing component shortages in the semiconductor industry, Apple Inc. (NASDAQ:AAPL) has lowered its iPhone 13 production objectives for this year.

Stevens Capital holds 100,715 shares in Apple Inc. (NASDAQ:AAPL) worth over $13.79 million, representing 4.03% of its portfolio. The hedge fund’s stake in the stock increased by 68% in the second quarter, latest data reveals. DA Davidson analyst Tom Forte raised Apple Inc.’s (NASDAQ:AAPL) price objective to $175 from $167 on October 19, maintaining his “Buy” recommendation on the company. According to the analyst, the outbreak has benefitted the company’s goods, with consumers buying more computers and tablets after being forced to work and learn remotely.

Shares of Apple Inc. (NASDAQ:AAPL) surged 29.24% in the past 12 months, and the company ranks fourth on the list of 10 large-cap stocks to buy according to Matthew Tewksbury’s Stevens Capital. In addition, in the second quarter, hedge fund sentiment improved for Apple Inc. (NASDAQ:AAPL). According to data from Insider Monkey, 138 elite hedge funds had shares in the company at the end of the second quarter, up from 127 the previous quarter.