WINTON GROUP Ltd Purchases New Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

WINTON GROUP Ltd purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,034 shares of the semiconductor manufacturer’s stock, valued at approximately $1,695,000.

A number of other hedge funds have also recently modified their holdings of AMD. Vanguard Group Inc. raised its holdings in shares of Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after acquiring an additional 1,441,626 shares in the last quarter. State Street Corp increased its position in Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the period. Geode Capital Management LLC raised its holdings in Advanced Micro Devices by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after purchasing an additional 441,924 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Advanced Micro Devices by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock worth $2,909,350,000 after purchasing an additional 290,784 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Advanced Micro Devices by 8.7% during the 3rd 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 purchasing an additional 1,565,083 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $106.65 on Friday. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $172.82 billion, a PE ratio of 107.73, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The firm’s 50 day moving average price is $109.75 and its 200-day moving average price is $131.14. Advanced Micro Devices, Inc. has a twelve month low of $94.73 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research analyst reports. Bank of America lowered their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Wedbush reiterated an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Finally, Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $152.72.

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.