5 Cash-Rich Stocks To Buy According To Hedge Funds

Page 5 of 5

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 269

Latest Cash and Short-Term Investments: $107.24 billion

Microsoft Corporation (NASDAQ:MSFT) is a Redmond, Washington-based technology conglomerate that manufactures personal computers, gaming consoles, and software.

Microsoft Corporation (NASDAQ:MSFT) is currently in the process of acquiring the Santa Monica, California-based video game developer Activision Blizzard, Inc. (NASDAQ:ATVI) for $68.7 billion. The deal is currently in the middle of a regulatory review. Furthermore, Microsoft Corporation (NASDAQ:MSFT) is also executing a $60 billion share buyback plan that was announced in September 2021. The company pays out more than $20 billion annually as dividends.

Microsoft Corporation (NASDAQ:MSFT) is the exclusive technology and sales partner of Netflix’s advertisement-based streaming model. There is a widespread belief that the company will be able to grow at a faster-than-expected growth rate under these uncertain economic circumstances through the enterprise side of the business.

TimesSquare Capital Management shared its outlook on Microsoft Corporation (NASDAQ:MSFT) in its Q3 2022 investor letter. Here’s what the firm said:

Microsoft Corporation (NASDAQ:MSFT) develops, licenses, and supports software solutions worldwide. Fiscal fourth quarter results were generally in line with consensus estimates, though profits missed slightly. While its Azure cloud business continues to perform well, the personal computer market has declined with inflation having an impact. Its shares experienced a -9% selloff.”

Follow Microsoft Corp (NASDAQ:MSFT)

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peek at the 11 Best Dividend Stocks Yielding Over 6% and the Top Stocks in Each Sector.

Page 5 of 5