Top 5 Tech Companies in Silicon Valley

In this piece, we will take a look at the top five technology companies in Silicon Valley. If you want to learn more about what’s been happenin’ in the Valley as of late, then read Top 20 Tech Companies in Silicon Valley.

5. Cisco Systems, Inc. (NASDAQ:CSCO)

Number of Employees: 84,900

Cisco Systems, Inc. (NASDAQ:CSCO) is a networking firm that caters to sectors such as switching and optics. The shares are rated Buy on average, and the average analyst share price target is $50.19.

For their fourth quarter of 2023 shareholdings, 60 out of the 933 hedge funds profiled by Insider Monkey had held a stake in the firm. Cisco Systems, Inc. (NASDAQ:CSCO)’s biggest hedge fund shareholder is Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital due to its $1.1 billion investment.

4. Intel Corporation (NASDAQ:INTC)

Number of Employees: 130,000

Intel Corporation (NASDAQ:INTC) is one of the biggest semiconductor companies in the world and the only one capable of designing and making its own chips. These days, the firm is busy ramping up its contract chip manufacturing business division and has teamed up with big ticket companies such as NVIDIA.

86 out of the 933 hedge funds part of Insider Monkey’s Q4 2023 database had bought and owned Intel Corporation (NASDAQ:INTC)’s shares. William B. Gray’s Orbis Investment Management was the biggest shareholder through its $801 million stake.

3. Apple Inc. (NASDAQ:AAPL)

Number of Employees: 161,000

Apple Inc. (NASDAQ:AAPL) is the most valuable consumer technology company in the world. Its shares soared by 2.5% in April 2024, injecting some life into the stock after a disappointing year after Bernstein raised the share rating to Outperform from Market Perform and kept the share price target at $195.

By the end of last year’s fourth quarter, 131 out of the 933 hedge funds profiled by Insider Monkey were the firm’s shareholders. Apple Inc. (NASDAQ:AAPL)’s largest hedge fund investor is Warren Buffett’s Berkshire Hathaway as it owns $174 billion worth of shares.

2. Oracle Corporation (NYSE:ORCL)

Number of Employees: 164,000

Oracle Corporation (NYSE:ORCL), while currently headquartered in Texas, was originally based out of Silicon Valley. Despite the fact that it has moved out its headquarters, roughly 7,000 of its employees are in California which is more than double those in Texas.

As 2023’s December quarter ended, 100 out of the 933 hedge funds tracked by Insider Monkey had bought Oracle Corporation (NYSE:ORCL)’s shares. Jean-Marie Eveillard’s First Eagle Investment Management was the biggest stakeholder through its $1.9 billion investment.

1. Alphabet Inc. (NASDAQ:GOOG)

Number of Employees: 180,895

Alphabet Inc. (NASDAQ:GOOG) is another mega cap technology firm. The firm was out with some great news for investors in April 2024, when it announced an 80 cent annual dividend for the first time in its history.

For their fourth quarter of 2023 shareholdings, 166 out of the 933 hedge funds covered by Insider Monkey’s survey had invested in the firm. Ken Fisher’s Fisher Asset Management is Alphabet Inc. (NASDAQ:GOOG)’s largest hedge fund shareholder as it holds a $6.3 billion stake.

Disclosure: None. You can also take a look at the Top 10 Artificial Intelligence (AI) SEO Tools in 2024 and 20 Countries That Produce the Most Gold in the World.

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