5 Consumer Technology Stocks to Invest In According to Ken Fisher

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1. Apple Inc. (NASDAQ:AAPL)

Fisher Asset Management’s Stake Value: $11.3 billion

Percentage of Fisher Asset Management’s 13F Portfolio: 6.36%

Number of Hedge Fund Holders: 134

Apple Inc. (NASDAQ:AAPL) is one of the largest consumer electronics firms in the world. The company is best known for its iconic iPhone smartphone lineup, and it also has a host of other gadgets and services under its portfolio. These include notebook computers, headphones, and payments.

Mr. Fisher’s investment firm owned 63 million Apple Inc. (NASDAQ:AAPL) shares as part of his Q4 2021 portfolio. These were the largest holdings for Fisher Asset Management, and they represented 6.36% of the firm’s overall investments. During the same time period, Insider Monkey surveyed 924 hedge funds and found out that 134 had owned a stake in the company.

Apple Inc. (NASDAQ:AAPL) earned $0.21 in GAAP EPS and $123 billion in revenue by the end of its fiscal first quarter, beating analyst estimates for both. BofA kept a $215 price target for the company’s shares in March 2022, outlining that its iPhone trade in price analysis indicated strong demand.

Apple Inc. (NASDAQ:AAPL)’s largest shareholder is Warren Buffett’s Berkshire Hathaway which owns 887 million shares worth $157 billion.

ClearBridge Investments mentioned the company in its Q4 2021 investor letter which stated that:

“Despite these mixed emerging growth results, the ClearBridge Global Growth Strategy outperformed the benchmark due to resilience among our secular and structural growth holdings. The bulk of these contributions came from U.S. mega-cap growth stocks Apple and Microsoft which continued to uniquely act both offensively and defensively as they have through most of the pandemic.”

Disclosure: None. You can also take a look at 10 Best Dividend Stocks for College Students and 12 Best Large-cap Biotech Stocks To Buy Now.

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