Eagle Asset Management Inc. Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Eagle Asset Management Inc. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,227 shares of the semiconductor manufacturer’s stock, valued at approximately $328,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Advanced Micro Devices by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock worth $14,400,437,000 after purchasing an additional 1,153,611 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Advanced Micro Devices by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock worth $4,181,849,000 after purchasing an additional 600,638 shares in the last quarter. Jennison Associates LLC grew its position in shares of Advanced Micro Devices by 5.9% during the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after purchasing an additional 1,490,997 shares in the last quarter. Norges Bank acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $3,426,529,000. Finally, Northern Trust Corp grew its position in shares of Advanced Micro Devices by 2.5% during the 3rd quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock worth $1,631,021,000 after purchasing an additional 385,636 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several analyst reports. Benchmark reduced their price target on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, May 2nd. Susquehanna reduced their price target on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Evercore ISI reduced their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. HSBC upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Finally, Truist Financial lowered their price target on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.26.

Get Our Latest Report on Advanced Micro Devices

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $290,290,831.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 157,400 shares of company stock valued at $30,077,126. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Up 3.9 %

Shares of NASDAQ AMD opened at $166.17 on Thursday. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm has a market cap of $268.58 billion, a PE ratio of 244.37, a P/E/G ratio of 1.88 and a beta of 1.69. The company’s fifty day simple moving average is $161.86 and its 200 day simple moving average is $160.70. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the prior year, the firm earned $0.43 EPS. The business’s revenue was up 2.2% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal year.

Advanced Micro Devices 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.

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

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