5 Best Semiconductor Stocks to Invest in According to DE Shaw

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1. NVIDIA Corporation (NASDAQ:NVDA)

D.E. Shaw’s Stake Value: $766 million

Percentage of D.E. Shaw’s 13F Portfolio: 0.63

Number of Hedge Fund Holders: 111

NVIDIA Corporation (NASDAQ:NVDA) is a semiconductor designer that is widely known for having pioneered the graphics processing unit (GPU). The company is the largest GPU firm in the world and it targets several industries ranging from personal computing to data centers and automotives.

NVIDIA Corporation (NASDAQ:NVDA) brought in $7.6 billion in revenue and $1.32 in non-GAAP EPS at the end of its fiscal Q4, beating Wall Street estimates for both. Mizuho raised the company’s share price target to $355 from $345 in February 2022, highlighting that NVIDIA Corporation (NASDAQ:NVDA) will grow its revenue this year.

Dr. Shaw’s D.E. Shaw owned 2.6 million NVIDIA Corporation (NASDAQ:NVDA) shares during Q4 2021, for a $766 million stake representing 0.63% of its portfolio. During the same time period, 111 out of 924 companies polled by Insider Monkey had also owned the company’s shares.

Ken Fisher’s Fisher Asset Management is NVIDIA Corporation (NASDAQ:NVDA)’s largest investor through a $1.5 billion stake that comes courtesy of 5.1 million shares.

In a third quarter 20221 investor letter, Harding Loevner had the following to say about NVIDIA Corporation (NASDAQ:NVDA):

“The proliferation of devices using chips, whether EVs, “things” in lol, or embedded systems more generally, results in the generation of oceans of data potentially needing to be stored, processed, and analyzed. NVIDIA, the leading chip designer wellknown for its graphic processing units and its complementary CUDA software ecosystem, is at the forefront of the effort to provide the analytical platform needed to unlock the full potential of such specialist processors.”

Disclosure: None. You can also take a peek at the 10 Best Dividend Aristocrats to Buy According to Hedge Funds and 10 Best Nickel Stocks to Buy Now.

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