5 Best Most Active Stocks To Buy Now

2. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Volume as of October 10: 111.5 Million

Average Volume (3-Month): 81 Million

Number of Hedge Fund Holders: 87

At the end of the second quarter of 2022, 87 hedge funds were long Advanced Micro Devices, Inc. (NASDAQ:AMD) and held stakes worth $4.84 billion in the company. As of June 30, Fisher Asset Management is the leading shareholder in Advanced Micro Devices, Inc. (NASDAQ:AMD) and has stakes worth $1.92 billion in the company.

Advanced Micro Devices, Inc. (NASDAQ:AMD) has been generating a lot of activity on Wall Street and is one of the best most active stocks to buy now. As of October 10, the stock has an intraday trading volume of 111.5 million and a 3-month average volume of 81 million.

On October 7, Morgan Stanley analyst Joseph Moore revised his price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $86 from $95 and maintained an Overweight rating on the shares. This October, Wells Fargo analyst Aaron Rakers adjusted his price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) to $85 from $90 and reiterated an Overweight rating on the shares.

Here is what Baron Funds had to say about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its second-quarter 2022 investor letter:

“Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global fabless semiconductor company focusing on high-performance computing technology, software, and products. AMD designs leading high-performance central and graphics processing units (known as CPUs and GPUs) and integrates them with hardware and software to build differentiated solutions for customers.

AMD has been gaining meaningful share in personal computing and server end markets over the past several years driven by the performance of its processors and technology and strong execution against its technology roadmap, and we believe share gains will continue over the coming years from a combination of AMD’s continued advancements and Intel’s stumbles in developing its leading-edge technology.

Additionally, the recently closed acquisitions of Xilinx and Pensando enhance AMD’s positioning within the data center, a key growth engine for the semiconductor industry, and Xilinx specifically opens up several new growth opportunities in new end markets like industrial, automotive, and communications. The company also generates significant cash flow, giving it capital allocation optionality for further M&A and returning capital to shareholders.”