5 Best Tech Stocks to Buy Now According to Lee Munder’s Hedge Fund

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1. Microsoft Corp. (NASDAQ:MSFT)

Lee Munder Capital Group’s Stake Value: $61,992,000

Percentage of Lee Munder Capital Group’s 13F Portfolio: 4.27%

Number of Hedge Fund Holders(Q1): 259

Microsoft Corp. (NASDAQ:MSFT) continued to remain Lee Munder Capital Group’s favourite technology stock and also its top stock pick at the end of the second quarter. Although Microsoft Corp.’s (NASDAQ:MSFT) stock might be trading lower by 18% from its lifetime high of $349.67 made last year, it still boasts of returning close to 900% gain to shareholders through price appreciation alone over the previous 10 years.

Several analysts covering Microsoft Corp. (NASDAQ:MSFT) have reduced their price target on the stock after the company reported its fiscal year 2022 fourth-quarter earnings on July 26. Despite that, 31 of the 32 analysts on Wall Street currently maintain a ‘Buy’ rating on the stock with a consensus price target of $335.72, representing a potential upside of 16.7% from the current stock price.

You can also look at  Donald Yacktman’s Latest Portfolio: Top 10 Stock Picks and 10 Best Stocks to Buy According to Charles Paquelet’s Skylands Capital

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