tl;dr
Appaloosa LP, the hedge fund founded by David Tepper, made notable changes to its technology stock holdings during Q3, according to its latest 13F filing. The firm significantly reduced its exposure to industry-leading stocks like Apple, Marvell Technology, and Broadcom, while simultaneously increas...
Appaloosa LP, the hedge fund founded by David Tepper, made notable changes to its technology stock holdings during Q3, according to its latest 13F filing. The firm significantly reduced its exposure to industry-leading stocks like Apple, Marvell Technology, and Broadcom, while simultaneously increasing its stakes in Meta Platforms and Microsoft.
During the quarter, Appaloosa LP fully divested from Apple, Marvell Technology, and Broadcom, signaling a strategic shift away from these companies. At the same time, it showed confidence in the potential of Meta Platforms and Microsoft by increasing its holdings in these companies. The fund also cut down its positions in Qualcomm and Alibaba, indicating a wider reevaluation of its technology portfolio. This move suggests a concentrated effort to realign its investments based on evolving market conditions and company performance. The 13F filing articulated an intentional and calculated departure from certain technology stocks, highlighting an overall adjustment in the fund's approach to this sector.
More about Apple Inc
Key financial metrics for Apple Inc. in 2020 include a total revenue of $274.5 billion, making it the largest technology company by revenue. As of January 2021, Apple is also the world's most valuable company. In terms of market share, Apple is the world's fourth-largest PC vendor by unit sales and the fourth-largest smartphone manufacturer. Its stock performance shows a market capitalization of $2.874 trillion, with a price-to-earnings ratio of 30.1 and a dividend yield of 0.94. The company has a return on assets of 6.14% and a return on equity of 24.34%. Lastly, market sentiment indicates a market price of $197.29 per share, with a beta of 0.135 and a volatility of -0.007.
More about Marvell Technology Group Ltd
Marvell Technology Group Ltd is a company that designs, develops, and sells analog, mixed-signal, digital signal processing, and integrated and independent integrated circuits in the manufacturing and semiconductors industry. The company has total assets worth 46.12 billion and a market capitalization of 56.18 billion. The stock has a price-to-earnings ratio of 69.85 and a negative earnings per share of -0.44. The stock performance has seen a price change of 6.56% and a beta of -0.702, indicating it is less volatile than the overall market. Market sentiment may be slightly negative as indicated by the negative earnings per share and beta. Overall, the company operates in a high-value industry and has potential for growth, but current financial metrics and market sentiment may be cause for concern.
More about Broadcom Inc
Broadcom Inc. is a leading American designer, developer, and global supplier of semiconductor and infrastructure software products, serving various markets including data center, networking, software, broadband, wireless, and storage and industrial. The company reported a revenue of $39.52 billion and a net income margin of 18.4%. Its stock is currently trading at $85.59 per share with a market capitalization of $354.54 billion. The company's price-to-earnings ratio is 29.5, and it has a return on equity of 1.881. Market sentiment towards Broadcom Inc. appears positive, as reflected in its strong financial performance and stock price.
More about Meta Platforms Inc.
Key financial metrics for Meta Platforms Inc. include a market capitalization of $845.97 billion, a current stock price of $370.06, and a 52-week high of $384.33. The company's revenue is $126.96 billion, with a profit margin of 29.08% and a price-to-earnings ratio of 11.32.
Stock performance for Meta Platforms Inc. has been strong, with the current stock price near its 52-week high despite recent market volatility.
Market sentiment for Meta Platforms Inc. is generally positive, as indicated by the high market capitalization and strong stock performance relative to its industry peers.
More about Microsoft Corporation
Microsoft Corporation is a top player in the technology industry, offering a wide range of software products and consumer electronics. With a total revenue of $2,725,261,083,000 and a profit margin of 10.3%, the company has shown strong financial performance. Its stock price of $401.31 reflects market confidence in its future prospects. Overall, market sentiment towards Microsoft appears positive, especially considering its position as one of the Big Five companies in the U.S. information technology industry.
More about Qualcomm Incorporated
Key financial metrics for Qualcomm Incorporated include a market capitalization of $138.25 billion, a current stock price of $138.11, and a dividend yield of 3.1%. The company's price-to-earnings ratio is 32.07 and it has a beta of 0.202. Qualcomm operates in the manufacturing and radio & TV broadcasting & communications equipment sectors.
Qualcomm's stock performance has seen a slight decrease, with a negative change in price of -0.514 and a negative change in percentage of -0.227. Despite this, the company remains a major player in the mobile communications industry, owning critical patents for 5G, 4G, CDMA2000, TD-SCDMA, and WCDMA standards.
Market sentiment may be influenced by the company's position as a leader in wireless technology, as well as its investment in semiconductors, software, and related services. However, the slight decrease in stock price and beta of 0.202 may indicate some level of volatility and risk associated with Qualcomm's performance.
More about Alibaba Group Holding Ltd
Key financial metrics for Alibaba Group Holding Ltd include a market cap of 897.29 billion, a price-to-earnings ratio of 18.4, and a dividend yield of 0.569%. The stock is currently trading at 345.47 with a 52-week change of 4.47%. The market sentiment towards the company appears positive based on these metrics.