Billionaire Ray Dalio Is Selling These 5 Tech Stocks

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In this article, we discuss the 5 tech stocks that billionaire Ray Dalio is selling. If you want to read about some more stocks in the Ray Dalio portfolio, go directly to Billionaire Ray Dalio Is Selling These 10 Tech Stocks.

5. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 61

Analog Devices, Inc. (NASDAQ:ADI) makes and sells semiconductors and is headquartered in Massachusetts. Even though the stock has climbed since the US government approved the CHIPS Act last month, promising billions in government spending on the semiconductor sector, recent reports suggest that Washington has also asked chipmakers in the US to halt the sales of select products to the Chinese and Russians, hurting firms which trade with manufacturing hubs in both countries. 

On August 18,Deutsche Bank analyst Ross Seymore maintained a Hold rating on Analog Devices, Inc. (NASDAQ:ADI) stock and raised the price target to $170 from $165, appreciating the earnings beat of the firm in the second quarter. 

At the end of the second quarter of 2022, 61 hedge funds in the database of Insider Monkey held stakes worth $4.2 billion in Analog Devices, Inc. (NASDAQ:ADI), compared to 67 the preceding quarter worth $4.8 billion.

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