Top 5 Stocks To Buy Now According To Billionaire Seth Klarman

2. Qorvo Inc. (NASDAQ:QRVO)

The Baupost Group’s Stake Value: $824M

Percentage of The Baupost Group’s 13F Portfolio: 8.86%

Number of Hedge Fund Holdings: 33

Headquartered in Greensboro, North Carolina, Qorvo Inc. (NASDAQ:QRVO) is an American semiconductor company that designs, manufactures and supplies radio-frequency systems to power wireless and broadband communications, in addition to foundry services.

As of Q1 2022, Klarman’s Baupost Group is the leading shareholder in Qorvo Inc. (NASDAQ:QRVO) with an ownership of over 6.6 million shares worth over $824 million, a result of a 12% increase in Klarman’s hold over the stock from the previous quarter, resulting in Qorvo Inc. (NASDAQ:QRVO) representing 8.86% of Baupost’s 13F portfolio. Just a quarter ago, Klarman owned only 5.94 million shares, the increase acting as a testament to Klarman’s confidence in the company.

On April 18 2022, Vijay Rakesh of Mizuho cut the firm’s price target on Qorvo, Inc. (NASDAQ:QRVO) from $155 to $135 and maintained its rating of ‘Neutral’  on the shares, attributing the price target decline to weaker 5G demand and extended COVID lockdowns in China. Therefore, it comes up as the second most favorable investment opportunity in this list of top 10 stocks to buy now according to Seth Klarman.