Czech National Bank Has $51.32 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Czech National Bank boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 0.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 284,332 shares of the semiconductor manufacturer’s stock after buying an additional 1,310 shares during the period. Advanced Micro Devices makes up approximately 0.7% of Czech National Bank’s holdings, making the stock its 23rd biggest holding. Czech National Bank’s holdings in Advanced Micro Devices were worth $51,319,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMD. Addison Advisors LLC boosted its position in Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 62 shares during the period. Schear Investment Advisers LLC boosted its position in shares of Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after acquiring an additional 64 shares during the period. Fiduciary Group LLC boosted its position in shares of Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after acquiring an additional 65 shares during the period. Integrated Advisors Network LLC boosted its position in shares of Advanced Micro Devices by 0.3% in the fourth quarter. Integrated Advisors Network LLC now owns 18,944 shares of the semiconductor manufacturer’s stock valued at $2,793,000 after acquiring an additional 65 shares during the period. Finally, Checchi Capital Advisers LLC boosted its position in shares of Advanced Micro Devices by 0.6% in the fourth quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer’s stock valued at $1,560,000 after acquiring an additional 66 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMD shares. UBS Group reduced their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Piper Sandler reissued an “overweight” rating and issued a $175.00 target price (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Cantor Fitzgerald dropped their price target on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $190.83.

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Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s 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 sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Up 4.6 %

Shares of Advanced Micro Devices stock traded up $7.15 on Thursday, hitting $161.78. The stock had a trading volume of 93,109,343 shares, compared to its average volume of 66,128,859. The stock has a 50 day moving average of $158.76 and a 200 day moving average of $163.37. Advanced Micro Devices, Inc. has a twelve month low of $93.11 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The firm has a market capitalization of $261.49 billion, a P/E ratio of 237.92, a PEG ratio of 1.79 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the prior year, the business posted $0.43 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

About Advanced Micro Devices

(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.

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

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