Ken Fisher’s 5 New Purchases/Additions

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

Percentage Increase in Stake in Q4: 34%

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global semiconductor firm. On February 14, Benchmark analyst Cody Acree boosted his price target on AMD to $103 from $93 and maintained a ‘Buy’ rating on the stock after speaking with Ruth Cotter, AMD’s Senior VP of Marketing. Cotter provided significant details about AMD’s anticipated long-term market share increase in the client computing, data centre, and embedded processor sectors.

Ken Griffin’s Citadel Investment Group held the leading position in Advanced Micro Devices, Inc. (NASDAQ:AMD). Advanced Micro Devices, Inc. (NASDAQ:AMD) shares have offered investors more than 22.62% in returns year-to-date as of February 20.

In the fourth quarter, Fisher Asset Management bought 6.49 million shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) stock, increasing its remaining stake by about 34%. At the end of the quarter, the hedge fund held more than 25.89 million shares of the company, worth about $1.68 billion. Advanced Micro Devices, Inc. (NASDAQ:AMD) has featured on Fisher Asset Management’s portfolio since the fourth quarter of 2010.

Here is what Baron Funds said about Advanced Micro Devices, Inc. (NASDAQ:AMD) in its Q2 2022 investor letter:

“Advanced Micro Devices, Inc. (NASDAQ:AMD) is a global fabless semiconductor company focusing on high-performance computing technology, software, and products. AMD designs leading high-performance central and graphics processing units (known as CPUs and GPUs) and integrates them with hardware and software to build differentiated solutions for customers.…” (Click here to read more)