Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by abrdn plc

abrdn plc lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,160,319 shares of the semiconductor manufacturer’s stock after buying an additional 318,264 shares during the period. abrdn plc’s holdings in Advanced Micro Devices were worth $171,043,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Norges Bank acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $1,252,070,000. Moneta Group Investment Advisors LLC increased its position in Advanced Micro Devices by 105,415.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock worth $552,275,000 after buying an additional 8,518,629 shares during the period. Renaissance Technologies LLC acquired a new position in Advanced Micro Devices during the first quarter worth approximately $777,111,000. Northern Trust Corp increased its position in 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 buying an additional 4,475,368 shares during the period. Finally, International Assets Investment Management LLC increased 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. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 over the last three months. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $8.44 during trading on Friday, reaching $146.64. The company had a trading volume of 71,618,197 shares, compared to its average volume of 57,647,340. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The stock has a market capitalization of $236.99 billion, a PE ratio of 282.01, a price-to-earnings-growth ratio of 2.36 and a beta of 1.64. The stock has a 50-day moving average price of $179.64 and a two-hundred day moving average price of $148.58. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting 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 analysts’ expectations of $6.13 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Analysts Set New Price Targets

AMD has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their target price for the company from $180.00 to $225.00 in a research note on Tuesday. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a research note on Wednesday, January 31st. Finally, Bank of America lifted their target price on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $185.59.

About Advanced Micro Devices

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.