5 Consumer Technology Stocks to Invest In According to Ken Fisher

2. Microsoft Corporation (NASDAQ:MSFT)

Fisher Asset Management’s Stake Value: $9 billion

Percentage of Fisher Asset Management’s 13F Portfolio: 5.05%

Number of Hedge Fund Holders: 262

Microsoft Corporation (NASDAQ:MSFT) is an American company best known for its Windows operating system which has enabled it to become one of the largest firms in the world. Not only is Windows the most widely used operating system in the world, but Microsoft Corporation (NASDAQ:MSFT) has diversified its business over the years and now sells gaming consoles and notebook computers.

For its fiscal second quarter, Microsoft Corporation (NASDAQ:MSFT) managed to post $51 billion in revenue and $2.48 in GAAP EPS, beating analyst estimates for both. Morgan Stanley kept a $372 price target for the company in February 2022, as it outlined that the company is on target to meet an EPS compounded annual growth rate of 18% for the next couple of years.

By the end of December 2021, Fisher Asset Management owned 26.8 million Microsoft Corporation (NASDAQ:MSFT) shares for a $9 billion stake that made up 5.05% of its investment portfolio. Insider Monkey’s Q4 2021 survey of 924 hedge funds revealed that 262 had bought stakes in the company.

After Fisher Asset Management, Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is Microsoft Corporation (NASDAQ:MSFT)’s largest investor. It owns 17 million shares that are worth $5.7 billion.

Motiwala Capital mentioned the company in its fourth quarter 2021 investor letter, stating that:

“Microsoft (NASDAQ:MSFT) re-enters our portfolio after a long gap. MSFT sells enterprise and consumer software products as well as hardware products such as the Xbox video game console and Surface laptops. All business segments experienced double-digit revenue growth and earnings per share have compounded in the mid-double digits over the last 5 years. We believe MSFT continues this momentum in the years ahead.”