5 Best Semiconductor Stocks To Invest In Right Now

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In this article, we discuss the 5 best semiconductor stocks to invest in right now. If you want to read our detailed analysis of these stocks, go directly to the 12 Best Semiconductor Stocks To Invest In Right Now.

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

Number of Hedge Fund Holders: 62

California-based chipmaker Advanced Micro Devices, Inc. (NASDAQ: AMD) ranks 5th on the list of 12 best semiconductor stocks to invest in right now. In the second quarter of 2021, Advanced Micro Devices, Inc.’s (NASDAQ: AMD) global market share jumped 22.5% for CPUs for notebook PCs and servers, up from 18.3% in the previous year.

Shares of Advanced Micro Devices, Inc. (NASDAQ: AMD) increased 3.7% following bullish sentiments from Bank of America Securities analyst Vivek Arya on August 13. The key aspect of Advanced Micro Devices, Inc. (NASDAQ: AMD), according to the analyst, is the company’s gross margin outlook, which he forecasted to reach 48% in 2021 and up to 50% over the next two years. On August 9, Advanced Micro Devices, Inc. (NASDAQ: AMD) was upgraded from Underperform to Market Perform at BMO Capital, with a price target of $110 per share, up from $80.

The company has a market cap of $134 billion. Advanced Micro Devices, Inc. (NASDAQ: AMD) announced $0.63 EPS in the second quarter of 2021, topping estimates by $0.09. The company’s second-quarter revenue increased by 99% year over year to $3.85 billion, owing to the growing demand for Ryzen desktop and notebook processors which accounted for $2.25 billion of the company’s total revenue. The stock has gained 29% in the previous month.

Out of 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 25 million shares worth more than $1.9 billion.

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