1,510 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Steel Grove Capital Advisors LLC

Steel Grove Capital Advisors LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 1,510 shares of the semiconductor manufacturer’s stock, valued at approximately $273,000.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Advanced Micro Devices by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer’s stock valued at $26,133,989,000 after purchasing an additional 2,349,288 shares in the last quarter. Fisher Asset Management LLC boosted its stake 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 valued at $4,181,849,000 after purchasing an additional 600,638 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Advanced Micro Devices by 10.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares in the last quarter. Jennison Associates LLC boosted 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 purchasing an additional 1,490,997 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $3,426,529,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

AMD stock traded up $1.67 during midday trading on Friday, reaching $139.99. 49,435,825 shares of the company’s stock traded hands, compared to its average volume of 50,984,088. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The stock has a market cap of $226.27 billion, a P/E ratio of 205.87, a PEG ratio of 1.62 and a beta of 1.68. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The stock’s 50-day moving average is $163.12 and its 200 day moving average is $168.24.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 earnings per share. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 2.6 EPS for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $158.94, for a total transaction of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at approximately $245,757,319.38. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of several research reports. Piper Sandler reissued an “overweight” rating and set a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective on the stock in a research note on Tuesday, May 7th. Wedbush reissued an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Jefferies Financial Group initiated coverage on shares of Advanced Micro Devices in a research note on Monday, May 13th. They set a “buy” rating and a $190.00 price objective on the stock. Finally, Roth Mkm dropped their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average price target of $194.97.

About Advanced Micro Devices

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.