Despite the recent bearish trend, analysts have an average price target of $117.78 for Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares, which represents a potential upside of 75% based on the current share price. Its net revenue increased by 36% y-o-y to NT$208.3 billion for the month.Īs of October 10, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) shares have lost 42% of their value since the beginning of the year and currently trade at a forward P/E ratio of 13.17. In October, Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) announced its net revenue for the month of September. It serves more than 500 customers and manufactures over 12,300 products for various applications including smartphones, high performance computing, the Internet of Things (IoT), automotive, and digital consumer electronics. Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM), based in Hsinchu, Taiwan, is a leading semiconductor foundry operator. Market Capitalization as of October 10: $370.6 billionĬurrent Share Price as of October 10: $67.25 Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM) (NYSE:UBER), and Microsoft Corporation (NASDAQ:MSFT), QUALCOMM, Incorporated (NASDAQ:QCOM) is a stock many hedge funds own. Its largest hedge fund shareholder is Ken Griffin’s Citadel Investment Group. ![]() On September 27, JPMorgan analyst Samik Chatterjee reiterated his belief in QUALCOMM, Incorporated (NASDAQ:QCOM) and maintained an ‘Overweight’ rating and a price target of $185.Īs of Q2 2022, 71 of the 895 hedge funds tracked by Insider Monkey were long QUALCOMM, Incorporated (NASDAQ:QCOM), holding shares worth $2.8 billion. QUALCOMM, Incorporated (NASDAQ:QCOM) is among some of the worst performing stocks in the US market with shares down by 33.88% since the beginning of the year, as of October 10. Its portfolio includes products for processors, modems, platforms, RF systems, and connectivity, among others. San Diego, California-based QUALCOMM, Incorporated (NASDAQ:QCOM) is a leading wireless technology innovator and the driving force behind the development, launch and expansion of 5G technology. Market Capitalization as of October 10: $140.7 billionĬurrent Share Price as of October 10: $114.01 We ranked these 40 companies based on the number of leading hedge funds holders who held shares in the same stock at the end of 2022. We picked the top 40 stocks with market capitalizations of more than $50 billion, strong fundamentals and average analyst price targets representing an upside of more than 30% based on the current market price. We used multiple screening methods to pick the 12 best big tech stocks to buy now. On September 21, the US central bank raised interest rates by three-quarters of a percentage point for the third consecutive time and signaled further increases in the future. Global markets have been going through a rough patch with fears of a recession due to inflation and aggressive monetary policies implemented by central banks. The Nasdaq-100 index, heavily weighted with technology stocks, was down year-to-date by nearly 35%, as of October 11, 2022. ![]() The companies have strong fundamentals and have exhibited high growth in the past with the potential to make breakthroughs in the future as well.ĭespite the growing investments and the increasing importance of technology in our lives, the technology sector and the stocks of the companies that are part of this sector have not fared well in the recent past. The companies picked in this list are at the forefront of their market segments and industries and hold significant competitive advantage over their peers based on strong technological capabilities. Other major trends include applied AI, Cloud, and edge computing, Web3, and immersive reality technologies, among others. Clean energy technologies focused on the whole energy value chain, from power generation to storage and distribution, were at the forefront with $257 billion investment last year. The advancements in technology have not only improved the quality of life for individuals but have also resulted in improved productivity and efficiency across almost all aspects of life.Īccording to a report recently published by McKinsey & Company, the latest trends in the technology revolve around 14 major technologies, with clean energy, mobility, and connectivity leading the trends in terms of the investments made during 2021. Technology has been at the forefront of advancement and innovation in the recent past and is expected to be the primary catalyst in the future as well. To skip our analysis of the recent technology trends, and market activity, you can go directly to see the 5 Best Big Tech Stocks to Buy Now. In this article, we will be taking a look at the 12 best big tech stocks to buy now.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |