CWA Asset Management Group LLC lessened its stake in Advanced Micro Devices, Inc. (NASDAQ: AMD – Get Rating) by 5.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,819 shares of the semiconductor manufacturer’s stock after selling 202 shares during the period. CWA Asset Management Group LLC’s holdings in Advanced Micro Devices were worth $ 550,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Advanced Micro Devices by 5.5% during the fourth quarter. State Street Corp now owns 47,680,903 shares of the semiconductor manufacturer’s stock valued at $ 6,861,282,000 after acquiring an additional 2,487,113 shares during the period. Fisher Asset Management LLC boosted its stake in Advanced Micro Devices by 26.5% during the 4th quarter. Fisher Asset Management LLC now owns 19,956,550 shares of the semiconductor manufacturer’s stock valued at $ 2,871,748,000 after purchasing an additional 4,177,219 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Advanced Micro Devices by 3.1% during the 4th quarter. Geode Capital Management LLC now owns 19,885,441 shares of the semiconductor manufacturer’s stock valued at $ 2,853,395,000 after purchasing an additional 593,949 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Advanced Micro Devices by 0.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,566,368 shares of the semiconductor manufacturer’s stock worth $ 1,190,178,000 after buying an additional 92,069 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Advanced Micro Devices by 2.6% in the third quarter. Janus Henderson Group PLC now owns 7,656,934 shares of the semiconductor manufacturer’s stock valued at $ 787,894,000 after buying an additional 197,143 shares during the period. 69.61% of the stock is currently owned by hedge funds and other institutional investors.
AMD opened at $ 86.99 on Tuesday. The company has a market capitalization of $ 140.97 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 0.72 and a beta of 1.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.40 and a quick ratio of 1.96. Advanced Micro Devices, Inc. has a fifty-two week low of $ 78.96 and a fifty-two week high of $ 164.46. The business has a 50-day moving average of $ 95.64 and a 200-day moving average of $ 115.42.
Advanced Micro Devices (NASDAQ: AMD – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The semiconductor manufacturer reported $ 1.13 earnings per share for the quarter, beating the consensus estimate of $ 0.91 by $ 0.22. The firm had revenue of $ 5.89 billion for the quarter, compared to analyst estimates of $ 5.57 billion. Advanced Micro Devices had a net margin of 17.98% and a return on equity of 20.66%. The company revenue for the quarter was up 70.9% on a year-over-year basis. During the same quarter last year, the firm earned $ 0.47 earnings per share. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 4.01 earnings per share for the current fiscal year.
In related news, Director John Edward Caldwell sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 1st. The shares were sold at an average price of $ 109.28, for a total value of $ 1,092,800.00. Following the completion of the sale, the director now owns 4,672 shares of the company stock, valued at $ 510,556.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Devinder Kumar sold 28,966 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, May 18th. The stock was sold at an average price of $ 100.00, for a total transaction of $ 2,896,600.00. Following the sale, the chief financial officer now owns 524,370 shares of the company stock, valued at approximately $ 52,437,000. The disclosure for this sale can be found here. Insiders sold a total of 79,146 shares of company stock worth $ 8,560,700 in the last quarter. Insiders own 1.00% of the company stock.
Several equities research analysts have commented on AMD shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $ 133.00 price target on shares of Advanced Micro Devices in a research report on Friday. Benchmark increased their target price on shares of Advanced Micro Devices from $ 125.00 to $ 135.00 and gave the company a “buy” rating in a research note on Friday. StockNews.com initiated coverage on shares of Advanced Micro Devices in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Wedbush reiterated an “outperform” rating and set a $ 165.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, June 8th. Finally, 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 report on Tuesday, May 17th. Ten investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Buy” and a consensus target price of $ 142.73.
About Advanced Micro Devices: (Get Rating)
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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