Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 133.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,747 shares of the semiconductor manufacturer’s stock after buying an additional 3,857 shares during the quarter. Stonegate Investment Group LLC’s holdings in Advanced Micro Devices were worth $995,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Norges Bank acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $1,252,070,000. Moneta Group Investment Advisors LLC grew its stake in Advanced Micro Devices by 105,415.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock valued at $552,275,000 after acquiring an additional 8,518,629 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Advanced Micro Devices in the first quarter worth approximately $777,111,000. Northern Trust Corp boosted its holdings in shares of Advanced Micro Devices by 35.5% during the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock worth $1,868,258,000 after purchasing an additional 4,475,368 shares during the period. Finally, Barclays PLC grew its position in Advanced Micro Devices by 38.5% during the second quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer’s stock valued at $1,015,677,000 after purchasing an additional 2,479,272 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction on 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 completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 324,943 shares of company stock worth $59,919,994. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Down 2.5 %

AMD stock opened at $178.70 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The stock has a market capitalization of $288.80 billion, a price-to-earnings ratio of 343.66, a P/E/G ratio of 2.71 and a beta of 1.64. The business has a fifty day moving average price of $181.80 and a 200 day moving average price of $142.80. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.13 billion. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts expect that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMD. Melius Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price for the company in a research note on Monday, January 8th. Mizuho upped their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target for the company in a report on Wednesday, January 31st. Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, Truist Financial boosted their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $181.82.

View Our Latest Research Report on Advanced Micro Devices

Advanced Micro Devices Company 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

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report).

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

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.