5 Best Semiconductor Stocks to Buy for 2022

In this article, we discuss the 5 best semiconductor stocks to buy for 2022. If you want to read our detailed analysis of these stocks, go directly to the 10 Best Semiconductor Stocks to Buy for 2022.

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

Number of Hedge Fund Holders: 65

Advanced Micro Devices, Inc. (NASDAQ:AMD) operates as a semiconductor manufacturer. The stock has surged in the past few weeks amid reports that tech giant Meta will be using AMD chips, including the new Epyc chips, to power Meta data centers. 

On November 9, Wedbush analyst Matt Bryson raised the price target on Advanced Micro Devices, Inc. (NASDAQ:AMD) stock to $165 from $140 and kept an Outperform rating, backing the firm to gain market share in the coming months. 

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Advanced Micro Devices, Inc. (NASDAQ:AMD) with 19.6 million shares worth more than $2 billion.

In its Q4 2020 investor letter, Artisan Partners Limited Partnership, an asset management firm, highlighted a few stocks and Advanced Micro Devices, Inc. (NASDAQ:AMD) was one of them. Here is what the fund said:

“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.”