Notable companies
The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), Applied Materials (NASDAQ:AMAT), Lam Research Corp (NASDAQ:LRCX), CrowdStrike Holdings (NASDAQ:CRWD), Pure Storage (NYSE:PSTG).
Industry description
The investment seeks long-term capital appreciation.
The fund invests primarily in companies whose securities are listed on U.S. national securities exchanges, including through American Depositary Receipts (“ADRs”), which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. Under normal circumstances, it invests at least 80% of its net assets in securities of companies that are principally engaged in the research, design, development, manufacturing, or distributing of products or services in the technology industry.
Market Cap
The average market capitalization across the Hennessy Technology Institutional MF is 560.54B. The market cap for tickers in the group ranges from 2.27B to 3.59T. NVDA holds the highest valuation in this group at 3.59T. The lowest valued company is CLBT at 2.27B.
Volume
The average weekly volume growth across all stocks in the Hennessy Technology Institutional MF was 20%. For the same stocks of the MF, the average monthly volume growth was -3% and the average quarterly volume growth was -36%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 70
P/E Growth Rating: 63
Price Growth Rating: 47
SMR Rating: 39
Profit Risk Rating: 36
Seasonality Score: 19 (-100 ... +100)