Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 392.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,757 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,571 shares during the period. Fox Run Management L.L.C.’s holdings in Advanced Micro Devices were worth $1,299,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $65,897,000. Umpqua Bank lifted its stake in Advanced Micro Devices by 25.2% during the fourth quarter. Umpqua Bank now owns 2,699 shares of the semiconductor manufacturer’s stock worth $313,000 after purchasing an additional 543 shares during the last quarter. Sfmg LLC boosted its holdings in Advanced Micro Devices by 3.5% in the fourth quarter. Sfmg LLC now owns 54,642 shares of the semiconductor manufacturer’s stock worth $6,600,000 after purchasing an additional 1,853 shares during the period. Intellus Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $1,886,000. Finally, Plancorp LLC lifted its position in shares of Advanced Micro Devices by 2.2% in the 4th quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer’s stock worth $620,000 after buying an additional 112 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Barclays dropped their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Truist Financial set a $130.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Loop Capital initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. 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. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $155.14.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $106.44 on Friday. The stock’s fifty day simple moving average is $110.28 and its 200 day simple moving average is $131.88. The stock has a market capitalization of $172.48 billion, a price-to-earnings ratio of 107.52, a PEG ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting 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, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

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.