These 5 Semiconductor Stocks Are Popular On Reddit

In this piece we will take a look at the top five semiconductor stocks that are popular on Reddit. For more stocks, industry background, and other details, head on to These 10 Semiconductor Stocks Are Popular On Reddit.

5. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 71

Broadcom Inc. (NASDAQ:AVGO) is a semiconductor company that engages in the design and sales of signal processing chips. These chips are used in a wide variety of devices such as smartphones, data centers, and notebooks. The firm is headquartered in San Jose, California, United States.

Broadcom Inc. (NASDAQ:AVGO) is currently acquiring cloud services provider VMware. This deal is set to boost the firm’s already impressive portfolio of products that sees more than 99.9% of all internet traffic pass through a Broadcom Inc. (NASDAQ:AVGO) product, more than 19,000 patents, and hundreds of top global companies as clients.

JPMorgan shared a positive outlook for the cloud computing sector in July 2022, highlighting that capital expenditure in data centers will grow by 25% this year, and bode well for Broadcom Inc. (NASDAQ:AVGO). Insider Monkey took a look at 912 hedge fund portfolios for the first quarter of this year and found out that 71 had bought the company’s shares.

Out of these, Ken Fisher’s Fisher Asset Management is Broadcom Inc. (NASDAQ:AVGO)’s largest investor. It owns 1.4 million shares that are worth $894 million.

In its Q1 2022 investor letter, ClearBridge Investments had the following to say about Broadcom Inc. (NASDAQ:AVGO):

“However, ClearBridge portfolio companies are responding by supporting their workforces and showing resilience in adapting and thriving. Semiconductor companies ClearBridge owns and engages with have been successful in advancing vaccinations in their global supply chains. In Malaysia, for example, Broadcom has taken part in PIKAS, a public-private partnership vaccination program focusing on the workforce in critical manufacturing sectors. By the summer of 2021 Broadcom was able to get over 90% of workers in its Penang factory at least one dose of vaccine, and roughly 73% fully vaccinated. Companies in the program also pay the administration cost for vaccinations including cases where the employee is no longer employed by the company before full immunization of the employee.”