Abundance Wealth Counselors Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Abundance Wealth Counselors boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 10.6% during the fourth quarter, HoldingsChannel reports. The fund owned 7,900 shares of the semiconductor manufacturer’s stock after buying an additional 758 shares during the quarter. Abundance Wealth Counselors’ holdings in Advanced Micro Devices were worth $954,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in AMD. International Assets Investment Management LLC raised its position in shares of Advanced Micro Devices by 17,137.3% in the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock worth $1,289,818,000 after buying an additional 7,815,305 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Advanced Micro Devices by 42.2% during the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after purchasing an additional 2,497,056 shares during the last quarter. State Street Corp grew its stake in Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after buying an additional 1,580,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Advanced Micro Devices by 8.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after acquiring an additional 1,565,083 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Advanced Micro Devices by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer’s stock worth $1,471,128,000 after purchasing an additional 975,220 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 2.4 %

Shares of AMD stock opened at $115.95 on Friday. The company has a market cap of $188.16 billion, a price-to-earnings ratio of 104.46, a PEG ratio of 1.04 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a fifty day moving average price of $125.92 and a 200-day moving average price of $141.49. Advanced Micro Devices, Inc. has a 1 year low of $112.80 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMD. Wolfe Research cut shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target on the stock. Susquehanna dropped their price target on Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating for the company in a research note on Wednesday. KeyCorp reduced their price objective on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 14th. Finally, Bank of America lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their target price for the company from $180.00 to $155.00 in a research note on Monday, December 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $169.77.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 over the last 90 days. 0.73% of the stock is currently owned by corporate insiders.

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.