Israel Englander is the managing director of Millennium Management, a hedge fund. Millennium Management is situated in New York, New York, and is one of the world’s largest hedge funds. Mr. Englander and his partner, Mr. Ronald Shear, founded Millennium Management in 1989. By the end of last year, the firm’s portfolio had expanded from $35 million in invested capital in 1989 to $196 billion. In today’s article, we’ll look at Millennium Management’s top semiconductor picks.
Insider Monkey highlights the ten semiconductor stocks to buy today according to Israel Englander’s Millennium Management. Micron Technology, Inc. had a revenue of $7.69 billion and a non-GAAP EPS of $2.16 in its fiscal fourth quarter. Wedbush increased its price objective for the business to $120 from $100 in February 2022. Lam Research Corporation is one of the few firms in the world that designs, manufactures, and sells semiconductor fabrication equipment. B. Riley cut its price estimate for the business from $750 to $725 in January 2022. In January 2022, Teledyne Technologies Incorporated reported $1.38 billion in revenue and $4.56 in non-GAAP earnings per share for its fourth fiscal quarter. In December 2021, Morgan Stanley set a $450 price target for the company. Teradyne, Inc. is a testing equipment company that helps semiconductor fabricators and assemblers ensure the quality of their products. Investment banks are currently negative about the company, believing that its next growth cycle will begin next year. Broadcom Inc. announced $7.7 billion in revenue and $8.39 in non-GAAP earnings per share in its fiscal first quarter. KeyBanc increased its price target for the business to $720 from $710 in March 2022. For more details, click Ten Semiconductor Stocks To Buy Today According To Israel Englander’s Millennium Management.