Tower Bridge Advisors Has $411,000 Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Tower Bridge Advisors decreased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,400 shares of the semiconductor manufacturer’s stock after selling 350 shares during the period. Tower Bridge Advisors’ holdings in Advanced Micro Devices were worth $411,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. State Street Corp boosted its stake in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after buying an additional 1,580,035 shares during the last quarter. Geode Capital Management LLC raised its holdings in Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after acquiring an additional 441,924 shares in the last quarter. Fisher Asset Management LLC boosted its position in Advanced Micro Devices by 2.8% during the third quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer’s stock valued at $3,904,323,000 after purchasing an additional 644,039 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Advanced Micro Devices by 8.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after purchasing an additional 1,565,083 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In related news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMD. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Wednesday. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Wedbush reissued an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Bank of America dropped their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Price Performance

AMD stock opened at $99.81 on Friday. The company has a market capitalization of $161.74 billion, a P/E ratio of 100.82, a PEG ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a 52-week low of $98.69 and a 52-week high of $227.30. The company has a fifty day moving average price of $116.94 and a 200-day moving average price of $136.90. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.