PFS Investments Inc. Has $3.98 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

PFS Investments Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 233.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,355 shares of the semiconductor manufacturer’s stock after purchasing an additional 25,447 shares during the quarter. PFS Investments Inc.’s holdings in Advanced Micro Devices were worth $3,975,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Advanced Micro Devices by 36.9% during the 1st quarter. Vanguard Group Inc. now owns 133,525,143 shares of the semiconductor manufacturer’s stock worth $14,599,640,000 after acquiring an additional 36,016,818 shares during the last quarter. BlackRock Inc. boosted its holdings in Advanced Micro Devices by 34.6% during the 1st quarter. BlackRock Inc. now owns 119,569,366 shares of the semiconductor manufacturer’s stock worth $13,073,716,000 after acquiring an additional 30,732,205 shares during the last quarter. Norges Bank purchased a new position in Advanced Micro Devices during the 4th quarter worth $1,423,132,000. Renaissance Technologies LLC bought a new stake in shares of Advanced Micro Devices during the 1st quarter worth $777,111,000. Finally, Bank of Montreal Can raised its stake in shares of Advanced Micro Devices by 212.9% during the 4th quarter. Bank of Montreal Can now owns 7,652,195 shares of the semiconductor manufacturer’s stock worth $1,124,107,000 after purchasing an additional 5,206,885 shares during the period. Institutional investors and hedge funds own 65.45% of the company’s stock.

Advanced Micro Devices Stock Up 3.2 %

Shares of AMD opened at $85.45 on Monday. The firm has a market cap of $137.94 billion, a P/E ratio of 35.90, a P/E/G ratio of 0.79 and a beta of 1.97. The stock has a 50 day simple moving average of $88.88 and a two-hundred day simple moving average of $95.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.44 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a 1 year low of $71.60 and a 1 year high of $164.46.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The semiconductor manufacturer reported $0.91 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.03). Advanced Micro Devices had a net margin of 14.51% and a return on equity of 15.17%. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.52 billion. During the same quarter in the previous year, the firm posted $0.58 EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 3.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on AMD. Piper Sandler upgraded Advanced Micro Devices from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $98.00 to $140.00 in a research note on Tuesday, May 17th. UBS Group lifted their target price on Advanced Micro Devices from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 3rd. Cowen lowered their target price on Advanced Micro Devices from $160.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 12th. Morgan Stanley lowered their target price on Advanced Micro Devices from $103.00 to $101.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 2nd. Finally, Wedbush restated an “outperform” rating and issued a $165.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, June 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $125.80.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 824 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $99.31, for a total value of $81,831.44. Following the completion of the sale, the senior vice president now owns 276,816 shares in the company, valued at $27,490,596.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Forrest Eugene Norrod sold 824 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $99.31, for a total transaction of $81,831.44. Following the completion of the transaction, the senior vice president now owns 276,816 shares in the company, valued at $27,490,596.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $100.02, for a total value of $12,502,500.00. Following the transaction, the chief executive officer now owns 2,926,985 shares of the company’s stock, valued at approximately $292,757,039.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 161,518 shares of company stock worth $15,378,613. 1.00% of the stock is currently owned by insiders.

About Advanced Micro Devices

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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

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