5 Technology Stocks To Buy That Are Too Cheap To Ignore

2. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Investors in Q2 2023: 73

Trailing P/E Ratio: 14.22

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the biggest semiconductor designers in the world whose products are used in most of smartphones all over the globe. The firm is currently facing a lot of cost pressures in a weakening economy which has forced it to cut down jobs.

By the end of this year’s June quarter, 73 out of the 910 hedge funds polled by Insider Monkey were the firm’s investors. QUALCOMM Incorporated (NASDAQ:QCOM)’s biggest investor in our database is Israel Englander’s Millennium Management as it owns $270 million worth of shares.

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