Long-Term Stock Portfolio: 5 Tech Stocks to Consider

1. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders: 258

As of October 3, Microsoft Corporation (NASDAQ:MSFT) is trading at a PE multiple of 24x and is offering a forward dividend yield of 1.17% which the company backs with free cash flows of $65 billion. Microsoft Corporation (NASDAQ:MSFT) has a rich dividend history and has been awarding investors with dividends for the past 2 decades. On September 20, Microsoft Corporation (NASDAQ:MSFT) declared a quarterly cash dividend of $0.68 per share of common stock. The dividend is payable on December 8 to investors of record at the close of business on November 17. Microsoft Corporation (NASDAQ:MSFT) is one of the best long-term tech stocks to buy now.

Microsoft Corporation (NASDAQ:MSFT) is a ‘Strong Buy’ stock on Wall Street. This September, Raymond James analyst Andrew Marok resumed coverage of Microsoft Corporation (NASDAQ:MSFT) with a $300 price target and an Outperform rating. On September 21, Morgan Stanley analyst Keith Weiss reiterated his $354 price target and buy-side Overweight rating on Microsoft Corporation (NASDAQ:MSFT).

At the close of the second quarter of 2022, 258 hedge funds were long Microsoft Corporation (NASDAQ:MSFT) and held stakes worth $56 billion in the company. As of June 30, Fisher Asset Management was the largest shareholder in the company and held stakes worth $7.36 billion.

Here is what Baron Funds had to say about Microsoft Corporation (NASDAQ:MSFT) in its second-quarter 2022 investor letter:

“Shares of Microsoft Corporation, a leading global provider of software solutions, declined 16.6% in the quarter along with the broader software group as well as due to growing concerns of a potential macro-driven slowdown. This is despite the company posting strong quarterly financial results and successfully absorbing headwinds from the war in Ukraine. The company had 21% revenue growth, 23% operating income growth, and 35% growth in Microsoft Cloud (all year-over-year in constant currency), which now represents 47% of total revenues.

As discussed above, we continue to believe Microsoft remains a durable and growing business as companies across all industries look to digitally transform, taking advantage of the continuously expanding solution set Microsoft has to offer.”

You can also take a look at 12 Best AI Stocks To Buy and 8 Best Stocks To Buy Now.

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