5 Stocks to Buy Under $20 According to Ken Fisher

3. Fanuc Corporation (OTC:FANUY)

Fisher Asset Management’s Stake Value: $419,877,000

Percentage of Fisher Asset Management’s 13F Portfolio: 0.23%

Number of Hedge Fund Holders: 2

Fanuc Corporation (OTC:FANUY) is a Japanese firm which provides factory automation products to the manufacturing industry around the globe. These include lasers, robots, compact machining centers, electric injection molding machines and ultra-precision machines. As of the fourth quarter, Ken Fisher held 19.83 million shares in Fanuc Corporation (OTC:FANUY), with a combined value of $419.87 million. This is up 5% from the previous quarter where the billionaire held 19.03 million shares in the firm.

2 out of 924 elite hedge funds tracked by Insider Monkey were bullish on Fanuc Corporation (OTC:FANUY) in the fourth quarter, the same as the quarter before.

On February 17, BofA analyst Kenjin Hotta downgraded Fanuc Corporation (OTC:FANUY) to ‘Neutral’ from ‘Buy’, noting that he sees a peak for Japanese machine tool orders as of March, and believes investors should pivot towards stocks better positioned for growth, or defensive stocks that tend to perform better during down-cycles.