Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Fi3 FINANCIAL ADVISORS LLC

Fi3 FINANCIAL ADVISORS LLC boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,178 shares of the semiconductor manufacturer’s stock after acquiring an additional 72 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Advanced Micro Devices were worth $321,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake 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 valued at $14,400,437,000 after acquiring an additional 1,153,611 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Advanced Micro Devices by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after purchasing an additional 600,638 shares during the last quarter. Jennison Associates LLC grew its stake 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 valued at $3,963,307,000 after buying an additional 1,490,997 shares during the period. Northern Trust Corp increased its holdings 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 buying an additional 385,636 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Advanced Micro Devices by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock worth $893,890,000 after buying an additional 79,817 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of several research analyst reports. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research note on Monday, January 8th. Citigroup reduced their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a report on Wednesday. Morgan Stanley lowered their price target on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, April 29th. TD Cowen boosted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $184.24.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $4.44 during mid-day trading on Friday, hitting $150.60. The company had a trading volume of 49,361,081 shares, compared to its average volume of 55,429,640. The stock has a market cap of $243.42 billion, a price-to-earnings ratio of 221.47, a PEG ratio of 2.29 and a beta of 1.66. The firm’s 50 day simple moving average is $175.41 and its two-hundred day simple moving average is $151.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a 12 month low of $81.11 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.59 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now owns 2,197 shares in the company, valued at $457,151.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 181,850 shares of company stock worth $34,637,833. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company 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.