Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Xponance Inc.

Xponance Inc. increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 306,309 shares of the semiconductor manufacturer’s stock after acquiring an additional 6,701 shares during the quarter. Advanced Micro Devices comprises approximately 0.5% of Xponance Inc.’s portfolio, making the stock its 27th largest holding. Xponance Inc.’s holdings in Advanced Micro Devices were worth $45,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Peoples Bank KS purchased a new position in Advanced Micro Devices during the 3rd quarter worth $26,000. Spartan Planning & Wealth Management purchased a new position in Advanced Micro Devices during the 3rd quarter worth $27,000. Castleview Partners LLC grew its position in Advanced Micro Devices by 62.5% during the 2nd quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Gables Capital Management Inc. purchased a new position in Advanced Micro Devices during the 4th quarter worth $29,000. Finally, Raleigh Capital Management Inc. grew its position in Advanced Micro Devices by 54.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 109 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Up 0.7 %

Shares of NASDAQ:AMD traded up $1.06 during trading on Thursday, reaching $155.08. The stock had a trading volume of 52,009,263 shares, compared to its average volume of 74,615,500. The business has a fifty day moving average price of $180.44 and a 200-day moving average price of $148.23. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The stock has a market cap of $250.63 billion, a P/E ratio of 299.77, a PEG ratio of 2.49 and a beta of 1.64. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were 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 in the company, valued at $628,753,739.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on AMD shares. Truist Financial raised their price objective on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Wednesday, January 24th. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday, February 29th. KeyCorp lifted their target price on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their target price for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Profile

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.