5 Best Semiconductor Stocks to Invest in According to DE Shaw

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

D.E. Shaw’s Stake Value: $638 million

Percentage of D.E. Shaw’s 13F Portfolio: 0.52

Number of Hedge Fund Holders: 70

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a chip designer based out of Santa Clara, California, United States. The company sells central processing units (CPUs), graphics processing units (GPUs), and custom designed chip products to everyday consumers and corporations. The custom segment is reserved for corporate customers.

As Q4 2021 came to an end, D.E. Shaw had held a stake of $638 million in Advanced Micro Devices, Inc. (NASDAQ:AMD). This came in the form of 4.4 million shares and represented 0.52% of its portfolio. During the same time period, 70 out of the 924 hedge funds polled by Insider Monkey also owned the company’s shares.

During its fiscal 4Q, Advanced Micro Devices, Inc. (NASDAQ:AMD) earned $4.8 billion in revenue and $0.92 in non-GAAP EPS, in a stellar set of results that saw massive annual growth and beat analyst estimates at the same time. The company announced its Ryzen PRO series processors in March 2022 for professional users with workstations.

Advanced Micro Devices, Inc. (NASDAQ:AMD)’s largest investor according to Insider Monkey’s research is Ken Fisher’s Fisher Asset Management. It owns a $2.8 billion stake through 19.9 million shares.

Carillon Tower Advisers commented on Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q4 2021 investor letter. Here is what the firm said:

“Advanced Micro Devices (AMD) supplies semiconductor chips for central processing units (CPUs) and graphic processing units (GPUs). The firm has been gaining share against its primary competitor in the datacenter server CPU space, as this rival has been unable to match the design and manufacturing capabilities of AMD and its partners. Investors are also looking forward to the closing of the previously announced merger with a semiconductor manufacturer that is another one of the portfolio’s holdings. The merger will increase AMD’s capabilities in the Field Programmable Gate Array (FPGA) chip space, and the combined company should possess the potential to win additional market share in the datacenter chip market.”