5 Cathie Wood Stocks that are on Sale Now

In this article, we will discuss 5 Cathie Wood stocks that are on sale now. If you want to explore similar stocks, you can also take a look at Cathie Wood Stocks that are on Sale Now.

5. Tower Semiconductor Ltd. (NASDAQ:TSEM)

Number of Hedge Fund Holders: 38
Year to Date Loss: 66%

Tower Semiconductor Ltd. (NASDAQ:TSEM) is an independent semiconductor foundry company that designs and manufactures analogy-intensive mixed-signal semiconductor devices. The company provides process technologies, including CMOS image sensors, integrated power management, and MEMS.

Tower Semiconductor Ltd. (NASDAQ:TSEM) was the subject of a $5.4 billion takeover bid by Intel. However, the deal expired after the chip giant struggled to secure regulatory approval from China. Intel has agreed to pay the company a $353 million termination fee. Following the botched takeover, the stock is down by about 66% year to date while commanding a Moderate Buy rating with a $38 a share price target implying a 55.61% upside potential.

According to Insider Monkey’s second-quarter database, Tower Semiconductor Ltd. (NASDAQ:TSEM) was part of 38 hedge fund portfolios.

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4. Senti Biosciences, Inc. (NASDAQ:SNTI)

Number of Hedge Fund Holders: 3
Year to Date Loss: 70%

Senti Biosciences, Inc. (NASDAQ:SNTI) is a preclinical biotechnology company that develops next-generation cell and gene therapies with gene circuit platform technologies. Its flagship product leverages allogeneic chimeric antigen receptor natural killer for various oncology indications. Currently, the stock is rated as a hold with $2 a share price target, implying a 365% upside potential from current levels.

After pulling the plug on its liver cancer candidate, the company’s sentiments took a significant hit early in the year. Senti Biosciences, Inc. (NASDAQ:SNTI) also announced plans to narrow it down to two CAR NK programs as it sought to preserve money. The stock has since shed nearly 70% in market value, dragging Woods funds lower.

According to Insider Monkey’s database of 910 hedge funds, 3 hedge funds have stakes in Senti Biosciences, Inc. (NASDAQ:SNTI) as of the end of the second quarter of 2023, up from 2 funds in the previous quarter.

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3. Invitae Corporation (NYSE:NVTA)

Number of Hedge Fund Holders: 17
Year to Date Loss: 73%

Invitae Corporation (NYSE:NVTA) is a medical genetics company that offers genetic tests in various clinical areas, including hereditary cancer precisions, oncology, and women’s health. The company offers genetic information to improve healthcare.

A few years back, it was the talk of the market to woo investors with plans to bring genetic testing to the masses. Investors were convinced that the company had the potential to be a leading provider of genetic testing. At some point, Invitae Corporation (NYSE:NVTA)’s market cap peaked at $10 billion.

Invitae Corporation (NYSE:NVTA) has turned out to be one of the biggest disappointments in Wood’s ETFs, having shed nearly 65% in market value year to date. The steep sell-off has seen analysts rate the stock as a Moderate Sell with an average price tag of $1.83, implying a 165% upside potential.

As of the end of the second quarter of 2023, 17 hedge funds had stakes in Invitae Corporation (NYSE:NVTA).

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2. 2U, Inc. (NASDAQ:TWOU)

Number of Hedge Fund Holders: 17
Year to Date Loss: 63%

2U, Inc. (NASDAQ:TWOU) operates an online education platform under two segments: Degree Program and Alternative Credential. Under the Degree Program segment, the company offers technology and services to colleges and universities to offer online degree programs online. The Alternative credential segment offers online open courses, executive education programs, and skill-based boot camps.

2U, Inc. (NASDAQ:TWOU) plunged by nearly 30% in August after the company delivered disappointing second-quarter results that missed expectations on top and bottom lines. Quarterly revenue was down 8% year over year to $222 million as net loss came in at $0.18 a share against the 0.07 a share that analysts expected. The stock has shed 63% in market value year to date. However, it is still rated as a ‘Moderate Buy’ with a $5.36 price target, implying a $127.12% upside potential to current levels.

Out of the 910 hedge funds tracked by Insider Monkey as of the end of Q2 2023, 17 hedge funds had stakes in 2U, Inc. (NASDAQ:TWOU).

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1. Satixfy Communications Ltd. (NYSE:SATX)

Number of Hedge Fund Holders: 4
Year to Date Loss: 95%

Satixfy Communications Ltd. (NYSE:SATX) engages in the development of end-to-end next-generation satellite communications systems. Consequently, it offers satellite payloads, user terminals, and modems. Its core products include modems that feature software-defined ratios.

Satixfy Communications Ltd. (NYSE:SATX) has imploded in a dramatic way, going by the 91% slide year to date, and is emerging as one of the biggest miss on Wood’s portfolio. The implosion comes on investors shrugging SPAC-sponsored companies. The company’s sentiments have also taken a hit following the confirmation of a sale of its satellite payload division, Satixfy Space System, for $60 million.

Out of the 910 hedge funds tracked by Insider Monkey, 4 hedge funds had stakes in Satixfy Communications Ltd. (NYSE:SATX) at the end of Q2 2023.

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