• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Stock

Which chip stocks do US active managers own the most?

by January 3, 2025
written by January 3, 2025

Investing.com — Active fund managers in the US continue to favor semiconductor stocks, but recent trends reveal shifts in ownership and weighting, according to a December 2024 update from Bank of America.

“Semis relative weighting of 0.97x was down slightly QoQ (1.01x in Sep ’24) though it remains near equal-weight level (1.00x) following a steady decline between Jul ’23 (1.18x) and Jul ’24 (1.00x) and from peak level in Mar ’17 (1.36x),” highlights the bank.

“NVDA continues to maintain broadest ownership,” added BofA. They note it is owned by 72% of active managers, an increase of 156 basis points quarter-over-quarter (QoQ) and 689 basis points year-over-year (YoY).

The bank says that despite its impressive growth prospects—forecasted at a 61% compound annual growth rate compared to peers’ 10%—NVDA’s relative weighting in portfolios stands at 1.01x, still below the 1.08x average for top technology and communication services peers.

Broadcom (NASDAQ:AVGO) saw the most significant rise in ownership among semiconductor stocks, with 54.6% of fund managers holding the stock, up 240 basis points QoQ and 1,665 basis points YoY. 

The bank said its relative weighting increased to 1.45x, making it one of the most overweighted semiconductor stocks. However, excluding its largest shareholder, AVGO’s adjusted weighting is lower at 0.72x.

Other highly owned semiconductor stocks are said to include Applied Materials (NASDAQ:AMAT) and Advanced Micro Devices (NASDAQ:AMD), both held by 35.7% of managers and Qualcomm (NASDAQ:QCOM) at 30.5%. While AMAT and AMD saw decreases in ownership QoQ, their relative weightings remain significant at 1.16x and 0.62x, respectively.

BofA’s report also pointed to the differences in preference between long-only (LO) investors and hedge funds (HFs). 

They explained that LO investors were more overweight in Monolithic Power (NASDAQ:MPWR) Systems, Texas Instruments (NASDAQ:TXN), and AMAT. In contrast, HFs showed higher weightings in Qorvo (NASDAQ:QRVO), Lam Research (NASDAQ:LRCX), and Cadence Design (NASDAQ:CDNS) Systems.

 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
India’s forex reserves hit eight-month low at $640.28 billion
next post
In divided US House, top Democrat Hakeem Jeffries aims to keep some grip on power

You may also like

BASF results down on impairments, restructuring

January 27, 2025

European chipmakers slump as traders gauge DeepSeek AI...

January 27, 2025

Nasdaq futures tumble as China’s AI push rattles...

January 27, 2025

China Vanke’s CEO, chairman resign amid growing liquidity...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

Italy’s MPS shares fall ahead of Mediobanca board...

January 27, 2025

British Land stock drops following stake sale

January 27, 2025

UMG shares rally after new multi-year pact with...

January 27, 2025

BASF shares indicated 3% lower as impairments drag...

January 27, 2025

Ryanair cuts 2026 traffic forecast amid ongoing Boeing...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Trump implies government could cut contracts and subsidies to Musk’s companies

      June 7, 2025
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 6, 2025
    • Shein and Temu see U.S. demand plunge as loophole for cheap goods closes

      June 5, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (505)
    • Stock (6,426)

    Latest News

    • Trump implies government could cut contracts and subsidies to Musk’s companies
    • Procter & Gamble to cut 7,000 jobs as part of broader restructuring

    Popular News

    • Pfizer must face lawsuit over diversity fellowship program, US court rules
    • US Food outlook for 2025 – M&A, GLP-1s and RFK Jr

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy