2,142 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Herold Advisors Inc.

Herold Advisors Inc. purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 2,142 shares of the semiconductor manufacturer’s stock, valued at approximately $316,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. International Assets Investment Management LLC lifted its position in Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after buying an additional 3,714,069 shares during the period. Sylebra Capital LLC purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $227,566,000. Atreides Management LP boosted its holdings in Advanced Micro Devices by 114.3% in the third quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer’s stock valued at $351,925,000 after purchasing an additional 1,825,557 shares during the last quarter. Quadrature Capital Ltd purchased a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $169,199,000. Finally, Jennison Associates LLC raised its position in shares of Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares in the last quarter. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 2.4 %

NASDAQ AMD traded up $3.64 on Friday, hitting $157.40. 42,425,480 shares of the company were exchanged, compared to its average volume of 72,781,539. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The firm has a market capitalization of $254.38 billion, a P/E ratio of 302.70, a price-to-earnings-growth ratio of 2.31 and a beta of 1.64. The company’s 50 day moving average price is $177.46 and its 200-day moving average price is $150.27.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts predict that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares in the company, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 in the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMD shares. DZ Bank reissued a “hold” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Bank of America upped their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, January 29th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $225.00 in a report on Tuesday, April 16th. Truist Financial increased their target price on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $190.00 price target on shares of Advanced Micro Devices in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Company Profile

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.