Was Ronald Hua’s QTRON Investments Right About These 5 Stocks?

2. Apple Inc. (NASDAQ:AAPL)

QTRON Investments’ Stake Value: $16.7 million
Percentage of QTRON Investments’ 13F Portfolio: 4.5%
Apple’s Performance Over the Past 12 Months as of November 19: -5.7%

Established in 1977, Apple Inc. (NASDAQ:AAPL) is a leading consumer electronics and personal computer company in the world. The company is engaged in the business of designing, manufacturing and marketing smartphones, personal computers, tablets, wearables, and accessories. The company is second on our list of top 10 stock picks of Ronald Hua’s QTRON Investments. At the end of the third quarter of 2021, the company represents 4.5% of the total investment portfolio of the hedge fund.

According to the 13F Filings for the third quarter of 2021, the hedge fund managed by Ronald Hua holds 118,229 shares in the company.

Morgan Stanley analyst Katy Huberty kept an Overweight rating on Apple Inc. (NASDAQ:AAPL) and increased its price target to $200 from $165, applauding the company’s iPhone sales and App Store activity.

At the end of the third quarter of 2021, 120 funds out of the 867 tracked by Insider Monkey held stakes worth $146 billion.