In this article, we discuss the 10 stocks to buy under $20 according to Ken Fisher. If you want to skip our detailed analysis of Ken Fisher’s investment philosophy, hedge fund returns and history, go directly to 5 Stocks to Buy Under $20 According to Ken Fisher.
Ken Fisher is the founder, chairman and co-chief investment officer at Fisher Asset Management, one of the largest hedge funds in the world. The Washington-based fund has a portfolio value of $178.5 billion as of the fourth quarter, an increase from around $161 billion in Q3 2021. The investing maestro studied forestry at Humboldt State University, and graduated with an associate degree in economics in 1972. He has authored a number of books on investing, and his column for Forbes called ‘Portfolio Strategy’ was published continuously from 1984 to 2017. His father, Phillip Fisher, was also a well-known stock investor and a pioneer in the field of growth investing.
Our Methodology
For the following list, we scoured through Ken Fisher’s 13F filings for the fourth quarter of 2021 and picked his top 10 holdings with a share price of under $20. Hedge fund data around each stock has also been provided using Insider Monkey’s database of 924 elite hedge funds.
10 Stocks to Buy Under $20 According to Ken Fisher
10. Vishay Intertechnology, Inc. (NYSE:VSH)
Fisher Asset Management’s Stake Value: $82,890,000
Percentage of Fisher Asset Management’s 13F Portfolio: 0.04%
Number of Hedge Fund Holders: 31
Starting off this list is Vishay Intertechnology, Inc. (NYSE:VSH), in which Ken Fisher owns a $82.9 million stake comprising of 3.79 million shares, representing 0.04% of his overall portfolio as of the fourth quarter. Including Fisher Asset Management, 31 hedge funds in total reported bullish bets on Vishay Intertechnology, Inc. (NYSE:VSH) in Q4 2021, up from 28 in the previous quarter. Royce & Associates was the top shareholder in the company in the fourth quarter, with a stake worth $85 million and consisting of 3.89 million shares.
Vishay Intertechnology, Inc. (NYSE:VSH) deals in the manufacturing and sale of discrete semiconductors and passive electronic components, and is based in the United States. The firm posted $843.07 million in revenue for Q4 2021, which was above analysts’ forecasts by $18.60 million. Earnings per share were reported at $0.62, in-line with estimates.
Matthew Sheerin of research firm Stifel maintained a ‘Buy’ rating on Vishay Intertechnology, Inc. (NYSE:VSH) shares in February. The firm is well-poised to enjoy future growth on the back of an uptick in 5G technology and electric vehicles, with both industries deploying many semiconductors products and technologies.
Vishay Intertechnology, Inc. (NYSE:VSH) acquired Barry Industries for $21 million in December, in a bid to expand its expertise in technologies such as high-frequency and high-power resistors.
In addition to Vishay Intertechnology, Inc. (NYSE:VSH), Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN) are some of the top stock picks of billionaire Ken Fisher.
9. Banco Bradesco S.A. (NYSE:BBD)
Fisher Asset Management’s Stake Value: $83,085,000
Percentage of Fisher Asset Management’s 13F Portfolio: 0.04%
Number of Hedge Fund Holders: 12
Banco Bradesco S.A. (NYSE:BBD) provides banking and insurance services to customers in Brazil and around the world.
On January 24, Barclays analyst Gilberto Garcia initiated coverage of Banco Bradesco S.A. (NYSE:BBD) with an ‘Overweight’ rating and price target of $5, calling the company his top pick in the sector. Garcia feels the company boasts a “significant moat” due to the larger weight of its insurance operations, and can benefit from asset spin-offs in the future, lending the firm more optionality.
Fisher Asset Management, in the fourth quarter of 2021, reported owning 24.3 million shares in Banco Bradesco S.A. (NYSE:BBD), with a price tag of $83.08 million representing 0.04% of its total portfolio. This made it the largest stakeholder in the Brazilian firm out of all the hedge funds tracked by Insider Monkey. In total, 12 hedge funds were long Banco Bradesco S.A. (NYSE:BBD) in the fourth quarter, with combined stakes of $146.5 million. This is down from 13 in the preceding quarter.
As of March 4, Banco Bradesco S.A. (NYSE:BBD) has gained 13.45% in the year to date, and 3.25% in the last 12 months. The firm’s Q4 revenue was $5.58 billion, above analysts’ forecasts by $191.88 million. EPS was recorded at $0.13, in-line with estimates.
8. Crédit Agricole S.A. (OTC:CRARY)
Fisher Asset Management’s Stake Value: $131,918,000
Percentage of Fisher Asset Management’s 13F Portfolio: 0.07%
Number of Hedge Fund Holders: 1
Crédit Agricole S.A. (OTC:CRARY) is a French company which deals in the provision of banking and financial services. It operates through the segments: Asset Gathering; French Retail Banking – LCL; International Retail Banking; Specialised Financial Services; and Large Customers.
In the fourth quarter, Fisher Asset Management held 18.48 million shares valued at $131.91 million in Crédit Agricole S.A. (OTC:CRARY), representing 0.07% of its overall portfolio. This is an increase in holding of 6% over the previous quarter, where the fund held 17.51 million shares in Crédit Agricole S.A. (OTC:CRARY).
In February, research firms JP Morgan and Barclays both had ‘Overweight’ ratings on Crédit Agricole S.A. (OTC:CRARY), with price targets of €15 and €16.60, respectively.
7. ASE Technology Holding Co., Ltd. (NYSE:ASX)
Fisher Asset Management’s Stake Value: $204,924,000
Percentage of Fisher Asset Management’s 13F Portfolio: 0.11%
Number of Hedge Fund Holders: 9
ASE Technology Holding Co., Ltd. (NYSE:ASX) provides a range of semiconductors packaging and testing solutions. It also deals in front-end engineering testing, wafer probing, and electronic manufacturing services. The firm is based in Taiwan and has clients around the world.
Out of all the hedge funds tracked by Insider Monkey in the fourth quarter of 2021, 9 were long ASE Technology Holding Co., Ltd. (NYSE:ASX), holding combined stakes worth $277.1 million. In comparison, 10 hedge funds held positions worth $271.5 million in the firm a quarter ago.
Fisher Asset Management increased its holding in ASE Technology Holding Co., Ltd. (NYSE:ASX) by 9% in the fourth quarter, amounting to a stake worth $204.92 million and consisting of 26.23 million shares. In comparison, the hedge fund held 24.13 million shares in ASE Technology Holding Co., Ltd. (NYSE:ASX) in Q3 2021.
Reporting its Q4 earnings on February 10, ASE Technology Holding Co., Ltd. (NYSE:ASX) reported an EPS of $0.50, exceeding consensus estimates by $0.28. Revenue for the quarter stood at $6.21 billion, above analysts’ forecasts by $221.96 million and up 16.84% from the year-ago period.
6. Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)
Fisher Asset Management’s Stake Value: $272,137,000
Percentage of Fisher Asset Management’s 13F Portfolio: 0.15%
Number of Hedge Fund Holders: 5
Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) is a Spanish banking firm which provides retail banking, wholesale banking, asset management, and private banking services globally. According to figures for December 2020, the firm operates through a vast network of approximately 7,400 branches and 31, 000 ATMs in roughly 30 countries around the world.
On February 15, Morgan Stanley analyst Alvaro Serrano maintained an ‘Overweight’ rating on Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA), and raised the price target to €7.30 from €7. The bank enjoys better growth prospects than most European banks owing to its higher exposure to emerging markets.
In December, Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) partnered with IT company Accenture (NYSE:ACN) to power its digital transformation journey, by deploying artificial intelligence (AI) to enhance its customer service experience. The deal will allow the Spanish firm improve operational costs and make data-based decisions. The financial terms of this 10-year deal were not disclosed.
Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) reported earnings per share of $0.23 in the fourth quarter, which outperformed estimates by $0.06. The firm raked in $6.26 billion in revenue for Q4, which beat analysts’ forecasts by $506.35 million.
Ken Fisher was the top shareholder of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by the end of December, holding 46.36 million shares worth $272.13 million and representing 0.15% of his overall portfolio. The billionaire increased his holding in the Spanish firm by 5% over the previous quarter, where he held 44.54 million shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA).
Overall hedge fund sentiment was down on Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) in the fourth quarter, where 5 hedge funds held $284.8 million worth of positions in the company. In contrast, 10 hedge funds reported owning positions with a combined value of $310.4 million in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) at the close of Q3 2021.
Along with Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA), Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN) are exciting stocks found in the portfolio of billionaire Ken Fisher.
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Disclosure. None. 10 Stocks to Buy Under $20 According to Ken Fisher is originally published on Insider Monkey.
