5 Blue Chip Stocks to Buy According to Billionaire Ken Fisher

2. Microsoft Corporation (NASDAQ:MSFT)

Fisher Asset Management’s Stake Value: $8,593,198,000

Percentage of Fisher Asset Management’s 13F Portfolio: 5.06%

Number of Hedge Fund Holders: 259

On April 26, Microsoft Corporation (NASDAQ:MSFT) posted another strong quarter in a series of strong quarters when it released earnings for the third quarter of fiscal year 2022. The company reported a revenue of $49.36 billion, up 18.35% from the comparable quarter in 2021. The company’s earnings per share came in at $2.22, ahead of Wall Street expectations by $0.02.

On June 10, Barclays analyst Raimo Lenschow lowered his price target on Microsoft Corporation (NASDAQ:MSFT) to $335 from $363 but maintained an Overweight rating on the shares. Lenschow noted that investors are bullish on Azure in case of investing in Microsoft Corporation (NASDAQ:MSFT), and said that in addition to Azure, Microsoft Corporation (NASDAQ:MSFT) has other compelling features such as a revenue of above $200 billion.

At the close of Q1 2022, 259 hedge funds disclosed ownership of stakes in Microsoft Corporation (NASDAQ:MSFT). These funds held collective stakes worth $65.63 billion in the company.

Microsoft Corporation (NASDAQ:MSFT) is the second biggest holding of Fisher Asset Management. In Q1 2022, Fisher Asset Management increased its stakes in Microsoft Corporation (NASDAQ:MSFT) by 4%, bringing them to $8.59 billion. As of March 31, Fisher Asset Management owns 27.87 million shares of the company and is also the top shareholder in Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is one of the best blue-chip stocks to buy according to Ken Fisher.

Here is what Polen Capital had to say about Microsoft Corporation (NASDAQ:MSFT) in its “Polen Global Growth Fund” first-quarter 2022 investor letter:

“Microsoft’s business is firing on all cylinders and continues to enjoy an acceleration in their respective fundamentals because of the increase in digitization around the world. Nearly every company today is searching for ways to become more digital, and both Microsoft and Accenture are positioned to provide many of the solutions these companies seek. This inflection in fundamentals was not lost on the market, and each business’s stock performed exceptionally well in 2021. In fact, they represented two of the three top absolute performers for the Global Growth Portfolio last year. As a result, their respective stocks are currently more fully priced. As such, we lowered Microsoft from our largest position within the Portfolio. We maintain high conviction in Microsoft and plan to own it for many years, but recognize the increase in its prices.”