5 Best Semiconductor Stocks to Invest in According to Ken Griffin’s Citadel Investment Group

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

Citadel Investment Group’s Stake Value: $343 million

Percentage of  Citadel Investment Group’s 13F Portfolio: 0.07%

Number of Hedge Fund Holders: 70

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a semiconductor firm that has risen to fame over recent years after a remarkable turnaround spearheaded by its chief executive officer Dr. Lisa Su. The company has rapidly gained market share in the central processing unit (CPU) and graphics processing unit (GPU) industries through strong designs and the latest manufacturing technologies courtesy of its primary manufacturing partner.

Citadel Investment had a $343 million stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during Q4 2021, via 2.3 million shares. An Insider Monkey survey of 924 hedge funds for the same time period outlined that 70 had holdings in the company.

For its fiscal Q4, Advanced Micro Devices, Inc. (NASDAQ:AMD) posted $4.8 billion in revenue and $0.92 in non-GAAP EPS, in a stellar set of results that saw massive growth and beat analyst estimates across the board. Daiwa raised the company’s price target to $150 from $140 in February 2022, outlining that its research has revealed healthy orders for the company’s products in the enterprise segment.

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

Carillon Tower Advisers mentioned Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q4 2021 investor letter, outlining that:

“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.”