5 Undervalued Semiconductor Stocks To Buy According to Hedge Funds

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1. QUALCOMM, Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 78

P/E Ratio: 24.2

As of February 1, Piper Sandler analysts hold an Overweight rating and a $165 price target on QUALCOMM, Incorporated (NASDAQ:QCOM).

QUALCOMM, Incorporated (NASDAQ:QCOM) was spotted in the portfolios of 78 hedge funds in the fourth quarter, with a total stake value of $2.9 billion.

Based in San Diego, California, QUALCOMM, Incorporated (NASDAQ:QCOM) develops and commercialized foundational tech for the wireless industry. It develops integrated circuits and system software, among more.

Follow Qualcomm Inc (NASDAQ:QCOM)

See also 25 Most Valuable Semiconductor Companies In The World and Semiconductor Market Share by Country: Top 12.

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