Strategic Advisors LLC Sells 1,253 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Strategic Advisors LLC trimmed its position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 10.9% in the 4th quarter, HoldingsChannel reports. The fund owned 10,205 shares of the semiconductor manufacturer’s stock after selling 1,253 shares during the quarter. Strategic Advisors LLC’s holdings in Advanced Micro Devices were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock worth $14,400,437,000 after acquiring an additional 1,153,611 shares in the last quarter. State Street Corp grew its holdings in Advanced Micro Devices by 1.7% during the 1st quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock valued at $6,375,083,000 after buying an additional 1,112,077 shares in the last quarter. Norges Bank purchased a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $1,252,070,000. Northern Trust Corp grew its holdings in Advanced Micro Devices by 35.5% during the 1st quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after buying an additional 4,475,368 shares in the last quarter. Finally, Barclays PLC grew its holdings in Advanced Micro Devices by 38.5% during the 2nd quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer’s stock valued at $1,015,677,000 after buying an additional 2,479,272 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 0.5 %

AMD traded up $0.90 on Friday, hitting $180.49. The company had a trading volume of 57,628,614 shares, compared to its average volume of 78,801,392. The stock has a fifty day moving average price of $181.50 and a 200-day moving average price of $141.76. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock has a market capitalization of $291.70 billion, a price-to-earnings ratio of 347.10, a P/E/G ratio of 2.70 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts predict that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock worth $59,919,994 over the last quarter. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AMD shares. KeyCorp increased their price objective on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Wednesday, January 24th. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Susquehanna raised their target price on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the company a “positive” rating in a report on Monday, January 29th. Finally, Truist Financial raised their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $181.82.

Check Out Our Latest Report on Advanced Micro Devices

Advanced Micro Devices Profile

(Free Report)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

See Also

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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