Why These 15 Hardware Stocks Are Skyrocketing So Far in 2025

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11. Inseego Corp (NASDAQ:INSG)

Number of Hedge Fund Holders In Q3 2024: 11

Inseego Corp (NASDAQ:INSG) is a company that makes 5G and intelligent IoT device-to-cloud products.

The stock is up significantly so far in 2025 as analysts are optimistic about the company’s Q4 2024 results scheduled for release on February 19, 2025. Inseego’s 5G solutions generated solid revenue from telecom companies in 2023. Perhaps it could slow the projected decline in Q4.

Management expects a 20% sequential revenue decline for Q4 2024.

Plus, Executive Chairman Phil Brace stepped down in February 2025 to lead Skyworks Solutions, succeeded by Jeff Tuder as independent Chairman, though this hasn’t really added to the company’s recent rally. It is more of a recovery rally from the stock’s earlier plunge after Q3 results.

The consensus price target of $14.33 implies 9.62% upside.

INSG stock is up 27.88% year-to-date.

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