5 Best Tech Stocks to Buy Right Now Under $10

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1. United Microelectronics Corporation (NYSE: UMC)

Number of Hedge Fund Holders: 12
Price as of May 6, 2021: $9.32 per share 

United Microelectronics Corporation (NYSE: UMC) is a China-based semiconductor manufacturing firm founded in 1980. It is placed first on our list of 10 best tech stocks to buy right now under $10. It has a market cap of more than $22 billion and posted close to $6.3 billion in annual revenue in 2020. United Microelectronics stock has returned more than 265% to investors over the past twelve months. The firm offers circuit design, mask tooling, wafer fabrication, and assembly and testing services. 

United Microelectronics Corporation (NYSE: UMC) posted quarterly results for the first three months of 2021 on April 28, reporting a revenue of $1.6 billion and earnings per share of $0.15. A global chips shortage, that will likely continue throughout the year, has benefited the firm. 

Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Renaissance Technologies is a leading shareholder in the firm with 18.1 million shares worth more than $153 million. 

You can also take a peek at 10 Best Travel Stocks to Buy Right Now, and 10 Best Automotive Stocks to Invest in Now.

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