5 Semiconductor Stocks With Growth Potential

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

Number of Hedge Fund Holders: 65

Advanced Micro Devices, Inc. (NASDAQ:AMD) is an American semiconductor designer that sells central processing units (CPUs), graphics processing units (GPUs) and custom designed chip products. It has delivered strong growth over the past two years.

Wedbush raised its price target to $165 from $140 in November 2021, outlining that as long as Advanced Micro Devices, Inc. (NASDAQ:AMD) executes, its future is a strong growth story.

According to Insider Monkey’s research, 65 of 867 hedge funds in Q3 2021 held Advanced Micro Devices, Inc. (NASDAQ:AMD)’s shares.

 Artisan Partners Limited Partnership mentioned Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q4 2020 investor letter outlining that:

“We also exited our positions in Advanced Micro Devices. Our investment campaign in Advanced Micro Devices (AMD) began in the second half of 2018, and we have seen a new management team reinvigorate the company’s product portfolio of microprocessors for PCs and servers, graphics processors, and video game consoles. These new, higher-margin products have helped the company partially close its margin gap with peers and capture share from market leader Intel. While we believe there is meaningful runway for further share gains and margin expansion, AMD has appreciated far beyond our mid-cap market cap mandate, and we exited our position.”

You can also take a peek at the 10 Best Performing Semiconductor Stocks of 2021 and 10 Healthcare Stocks to Buy According to John Rogers’ Ariel Investments.

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