5 Value Stocks That Are Too Cheap To Ignore

2. QUALCOMM Incorporated (NASDAQ:QCOM)

Number of Hedge Fund Holders: 71

QUALCOMM Incorporated (NASDAQ:QCOM) is one of the largest semiconductor firms in the world. The company designs and sells processors, graphics processing units (GPUs), modems, and a host of other semiconductor products that are used in smartphones and other devices. The firm is headquartered in San Diego, California, the United States.

QUALCOMM Incorporated (NASDAQ:QCOM)’s fiscal third quarter earnings saw the firm report a whopping 54% annual growth in its GAAP EPS, which came at a time the technology industry was struggling to keep up with inflationary headwinds. Data from S&P Capital IQ suggests that the firm is expected to deliver a 23%+ return on assets for its fiscal years 2022, 2023, and 2024.

Another key fact about QUALCOMM Incorporated (NASDAQ:QCOM) is that its licensing model lets it earn revenue even without selling any products, as not only do companies pay it for its hardware, but also for the ability to use its products in gadgets. JPMorgan raised the company’s share price target to $190 in October 2022, as it revealed that the firm’s expected revenue growth in the fiscal year 2023 goes against a low 9x P/E ratio. QUALCOMM Incorporated (NASDAQ:QCOM) pays a 75 cent dividend for a 2.59% yield, and 71 out of the 895 hedge funds polled by Insider Monkey for their June quarter of 2022 investments had held a stake in the company.

QUALCOMM Incorporated (NASDAQ:QCOM)’s largest investor is Panayotis Takis Sparaggis’s Alkeon Capital Management which owns 4.2 million shares that are worth $541 million.