Billionaire Lee Cooperman’s Top 15 Long-Term Stock Picks

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13. Motorola Solutions, Inc. (NYSE:MSI)

Number of Hedge Fund Holders: 48 

Omega Advisors’ Stake: $44.9 million

Motorola Solutions, Inc. (NYSE:MSI) is a leader in mission-critical communications products, solutions & services for communities & businesses. The following factors make this company stand out as a prime investment opportunity. Firstly, the improved finances, as illustrated in the report for the third quarter of 2024, paint a promising picture. For instance, as illustrated in the report, the company paid $164 million in cash dividends, repurchased $31 million of common stock and incurred $57 million of capital expenditures. Operating cash flow was $759 million, compared to $714 million in the year-ago quarter, and free cash flow was $702 million, up from $649 million in the year-ago quarter. This shows that both the operating cash flow and free cash flow for the quarter increased primarily due to higher earnings in the current year, net of non-cash charges. Secondly, Motorola and Google Cloud announced to bring generative AI to Motorola phones, including the brand-new series of Razr smartphones, enhancing user experience. Moreover, Motorola has announced the opening of a Research and Development Centre in Ho Chi Minh City, Vietnam, to advance data analytics and AI-enabled technologies.

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