5 Best Nanotechnology Stocks To Invest In

In this piece, we will take a look at the five best nanotechnology stocks to invest in. If you want to learn what nanotechnology is all about, then read 11 Best Nanotechnology Stocks To Invest In.

5. Cadence Design Systems, Inc. (NASDAQ:CDNS)

Number of Q4 2023 Hedge Fund Shareholders: 72

Cadence Design Systems, Inc. (NASDAQ:CDNS) is an American software company headquartered in San Jose, California. It allows chip maker to design their products. The shares are rated Strong Buy on average, and the average analyst share price target is $322.

72 out of the 933 hedge funds profiled by Insider Monkey had bought and owned Cadence Design Systems, Inc. (NASDAQ:CDNS)’s shares during Q4 2023. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital owned the biggest stake which was worth $456 million.

4. Intel Corporation (NASDAQ:INTC)

Number of Q4 2023 Hedge Fund Shareholders: 86

Intel Corporation (NASDAQ:INTC) is the biggest semiconductor designer and manufacturer in the world. The firm’s battle to dethrone Taiwan’s TSMC in April 2024 didn’t win it any fans as the stock tanked after Intel Corporation (NASDAQ:INTC) reported an operating loss for its foundry business division.

As of December 2023 end, 86 out of the 933 hedge funds profiled by Insider Monkey were the firm’s shareholders. Intel Corporation (NASDAQ:INTC)’s largest hedge fund shareholder was William B. Gray’s Orbis Investment Management as it owned a $801 million stake.

3. General Electric Company (NYSE:GE)

Number of Q4 2023 Hedge Fund Shareholders: 92

General Electric Company (NYSE:GE) is an American industrial products company headquartered in Evendale, Ohio. The firm is a long time player in the nanotechnology industry and has worked with products such as carbon nanotubes. The shares are rated Strong Buy on average, and the average analyst share price target is $171.

Insider Monkey scoured through 933 hedge fund portfolios for their fourth quarter of 2023 shareholdings to find 92 General Electric Company (NYSE:GE) investors. Chris Hohn’s TCI Fund Management owned the biggest stake which was worth $5.3 billion.

2. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Q4 2023 Hedge Fund Shareholders: 105

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world’s largest contract chip manufacturer, which places it right at the top of the global nanotechnology food chain. April 2024 is seeing the firm deal with the aftermath of a devastating earthquake in Taiwan, with the firm stressing that no advanced and high end chip making tools were damaged even as production was halted.

For their fourth quarter of 2023 shareholdings, 105 out of the 933 hedge funds surveyed by Insider Monkey had invested in the firm. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management due to its $3.2 billion investment.

1. Thermo Fisher Scientific Inc. (NYSE:TMO)

Number of Q4 2023 Hedge Fund Shareholders: 111

Thermo Fisher Scientific Inc. (NYSE:TMO) is one of the biggest medical device companies in the world. This means that its microscopes and other equipment are also used in the nano medicine industry. These days, the firm is busy expanding into the EV industry by introducing products for battery coating.

111 out of the 933 hedge funds profiled by Insider Monkey had held a stake in Thermo Fisher Scientific Inc. (NYSE:TMO) as of Q4 2023 end. Chris Hohn’s TCI Fund Management owned the biggest stake which was worth $1.6 billion.

Disclosure: None. You can also take a look at the 12 Dirt Cheap Stocks To Buy According to Hedge Funds and 11 Best EV Stocks To Buy For The Long Term.

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