5 Semiconductor Stocks To Watch Amid Russia-Ukraine War

3. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 76

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the largest semiconductor designers in the world. The company’s chips power most of the world’s smartphones, and it also designs other semiconductors such as those for connected vehicles.

QUALCOMM Incorporated (NASDAQ:QCOM) earned $10.7 billion in revenue and $3.23 in non-GAAP EPS during its first fiscal quarter, surpassing Wall Street expectations on both metrics. Its price target was increased by $50 to $250 by Baird in February 2022, with the firm highlighting that inventory corrections should not impact the company and that it is successfully targeting the high-end segment. 76 of the 924 firms part of Insider Monkey’s Q4 2022 survey had holdings in the company.

QUALCOMM Incorporated (NASDAQ:QCOM)’s largest investor is Panayotis Takis Sparaggis’ Alkeon Capital Management who owns 5.3 million shares worth $970 million.