Growth Stock Portfolio: 5 Companies with At Least 30% Annual Growth Rates

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

5-Year Annual Sales Growth: 40.23%

Number of Hedge Fund Holders: 110

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor company headquartered in Santa Clara, California. The company specializes in the development of computer processors and associated technologies, serving both business and consumer markets.

Roth MKM initiated coverage of AMD with a Buy rating and a price target of $125 on November 13, emphasizing the company’s distinctive portfolio of high-performance compute and networking processors.

As of Q3 2023, 110 hedge funds tracked by Insider Monkey held shares of Advanced Micro Devices, Inc. (NASDAQ:AMD), with a total value of $9.2 billion. Fisher Asset Management, led by Ken Fisher, was identified as the largest hedge fund shareholder, owning 27.8 million shares with a total value of $2.9 billion.

You can also take a peek at Top 20 Most Unfriendly States in the US and 13 Most Profitable Renewable Energy Stocks.