Seth Klarman’s Portfolio: Top 5 Stock Picks

4. Qorvo, Inc. (NASDAQ:QRVO)

Klarman’s Stake Value: $1.04 billion

Percentage of Seth Klarman’s 13F Portfolio: 8.46%

Number of Hedge Fund Holders: 40

Qorvo, Inc. (NASDAQ:QRVO) is a semiconductor company that develops and commercializes technologies and products for wireless and wired connectivity. Ranked fourth on the list of the top 10 stock picks in Seth Klarman’s portfolio, Qorvo, Inc. (NASDAQ:QRVO) has a market capitalization of $19.38 billion.

Seth Klarman’s Baupost Group presently holds more than 5.33 million shares of Qorvo, Inc. (NASDAQ:QRVO), worth $1.04 billion and accounting for 8.46% of the fund’s total investment portfolio. At the end of the second quarter of 2021, 40 hedge funds in the database of Insider Monkey held stakes worth $2.3 billion in Qorvo, Inc. (NASDAQ:QRVO), down from 41 in the preceding quarter worth $2.32 billion.

For the second quarter of 2021, Qorvo, Inc. (NASDAQ:QRVO) reported earnings per share of $3.61, beating estimates by $0.58. Qorvo, Inc. (NASDAQ:QRVO) also reported revenues amounting to $29.08 billion, surpassing forecast estimates by $1.19 billion.

On August 5, BMO Capital analyst Ambrish Srivastava raised the firm’s price target on Qorvo, Inc. (NASDAQ:QRVO) to $200 from $190 and keeps a Market Perform rating on the shares.