Is it Worthy to Invest in Advanced Micro Devices (AMD)?

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. Mid-cap stocks overall posted solid gains in the final quarter of 2021. As was the case for the majority of the year, the Russell Midcap® Growth Index (up 2.85%) lagged behind its Russell Midcap® Value Index (up 8.54%) counterpart. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Carillon Tower Advisers, in its Q4 2021 investor letter, mentioned Advanced Micro Devices, Inc. (NASDAQ: AMD) and discussed its stance on the firm. Advanced Micro Devices, Inc. is a Santa Clara, California-based semiconductor company with a $159.3 billion market capitalization. AMD delivered a -7.68% return since the beginning of the year, while its 12-month returns are up by 43.37%. The stock closed at $132.85 per share on February 09, 2022.

Here is what Carillon Tower Advisers has to say about Advanced Micro Devices, Inc. in its Q4 2021 investor letter:

“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.”

Photo by Yogesh Phuyal on Unsplash

Our calculations show that Advanced Micro Devices, Inc. (NASDAQ: AMD) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. AMD was in 65 hedge fund portfolios at the end of the third quarter of 2021, compared to 63 funds in the previous quarter. Advanced Micro Devices, Inc. (NASDAQ: AMD) delivered a -9.01% return in the past 3 months.

In January 2022, we also shared another hedge fund’s views on AMD in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.