5 Best Computer Hardware Stocks To Buy Now

Page 5 of 5

1. Apple Inc. (NASDAQ:AAPL)

Number of Hedge Fund Holders: 135

Apple Inc. (NASDAQ:AAPL) is involved in the design, manufacturing, and marketing of various products, including smartphones, personal computers, tablets, wearables, and accessories. The company’s product lineup includes the iPhone, the Mac, the iPad, AirPods, Apple TV, Apple Watch, Beats products, and HomePod. Apple Inc. (NASDAQ:AAPL) is one of the best computer hardware stocks to invest in. 

On April 26, Deutsche Bank increased its price target on Apple Inc. (NASDAQ:AAPL) from $160 to $170 and maintained a Buy rating on the shares. The analyst predicts that Apple Inc. (NASDAQ:AAPL)’s fiscal Q2 results will align with the estimates from financial analysts, with the iPhone segment performing well and compensating for any weaknesses in other areas. Deutsche Bank believes that investors are attracted to Apple Inc. (NASDAQ:AAPL) due to the company’s strong financial performance, solid balance sheet, and stability in an uncertain economic climate.

According to Insider Monkey’s fourth quarter database, 135 hedge funds were bullish on Apple Inc. (NASDAQ:AAPL), compared to 140 funds in the earlier quarter. Warren Buffett’s Berkshire Hathaway is the largest stakeholder of the company, with 895 million shares worth $116.30 million. 

Polen Global Growth Strategy made the following comment about Apple Inc. (NASDAQ:AAPL) in its Q1 2023 investor letter:

“Not owning Apple Inc. (NASDAQ:AAPL) and NVIDIA detracted from our relative performance. With respect to Apple, we have not felt that the combination of growth available and the valuation made for one of our best ideas. Concerning NVIDIA, while there seems to be strong demand for data center chips, the valuation and lack of clarity around pace and magnitude of that growth has kept us at bay to date.”

Follow Apple Inc. (NASDAQ:AAPL)

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out 10 Best Beverage Stocks to Buy Now and 27 Largest Biotech Companies in the US

Page 5 of 5