5 Best 5G Stocks To Invest In Right Now

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1. Apple Inc. (NASDAQ: AAPL)

Number of Hedge Fund Holders: 127

Topping the list of 12 best 5G stocks to invest in right now is California-based multinational technology company Apple Inc. (NASDAQ: AAPL). Apple Inc. is one of the leaders in the 5G industry with 5G-enabled products such as iPhone 12, iPhone 12 mini, iPhone 12 Pro, and iPhone 12 Pro Max.

In July 2021, Apple Inc. (NASDAQ: AAPL) announced that all its scheduled iPhone releases for 2022 will be 5G-capable including its budget 5G iPhone on the first half of 2022. 

On July 29th, Keybanc analyst Weston Twigg raised the price target of Apple Inc. (NASDAQ: AAPL) to $105 per share from $100 per share and kept his Overweight rating on the stock. 

In the third quarter of 2021, Apple Inc. (NASDAQ: AAPL) reported an EPS of $1.30, beating estimates by $0.29. The company’s third-quarter revenue came in at $81.40 billion, up 36% year-over-year and beating estimates by $8.09 billion. Shares of Apple Inc. (NASDAQ: AAPL) jumped 18.60% in the last three months and 28.84% year-to-date.

By the end of the first quarter of 2021, 127 hedge funds out of the 866 tracked by Insider Monkey held stakes in Apple Inc. (NASDAQ: AAPL) worth roughly $130.9 billion.

ClearBridge Investments mentioned Apple Inc. (NASDAQ: AAPL) in its Q1 2021 investor letter:

“As we actively manage holdings and position sizes, we look to regularly recycle capital into more compelling opportunities. Maintaining our valuation discipline, we sharply reduced our position in Apple, whose shares more than doubled following our initial purchase in mid-2019 with an earnings multiple rising from the low-to-mid teens to nearly 30x.”

You can also take a look at 12 Best Artificial Intelligence Stocks To Invest In Right Now and 10 Russell 2000 Stocks With High Dividend Yield

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