Raiffeisen Bank International AG boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 20.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 385,217 shares of the semiconductor manufacturer’s stock after acquiring an additional 64,096 shares during the quarter. Raiffeisen Bank International AG’s holdings in Advanced Micro Devices were worth $55,239,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in AMD. Kingstone Capital Partners Texas LLC bought a new stake in Advanced Micro Devices during the second quarter worth approximately $958,422,000. Goldman Sachs Group Inc. grew its holdings in shares of Advanced Micro Devices by 169.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock worth $1,012,538,000 after acquiring an additional 6,200,850 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Advanced Micro Devices by 131.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock worth $1,069,846,000 after purchasing an additional 5,915,185 shares during the period. Nuveen LLC purchased a new stake in shares of Advanced Micro Devices during the first quarter valued at $436,746,000. Finally, Parnassus Investments LLC increased its stake in Advanced Micro Devices by 47,883.5% in the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock worth $425,592,000 after purchasing an additional 4,133,785 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Trading Down 0.5%
Advanced Micro Devices stock opened at $246.81 on Monday. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $267.08. The company’s fifty day simple moving average is $208.05 and its 200-day simple moving average is $164.65. The stock has a market cap of $401.82 billion, a P/E ratio of 141.84, a P/E/G ratio of 2.42 and a beta of 1.93.
Insider Buying and Selling at Advanced Micro Devices
In related news, EVP Mark D. Papermaster sold 16,800 shares of Advanced Micro Devices stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $224.28, for a total value of $3,767,904.00. Following the completion of the sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at approximately $384,529,181.40. The trade was a 0.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 17,200 shares of the company’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $160.93, for a total transaction of $2,767,996.00. Following the completion of the sale, the executive vice president owned 313,848 shares of the company’s stock, valued at $50,507,558.64. This represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 264,118 shares of company stock worth $44,448,619 over the last quarter. Company insiders own 0.06% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have commented on AMD shares. Morgan Stanley reiterated an “equal weight” rating and issued a $260.00 target price on shares of Advanced Micro Devices in a report on Wednesday, November 12th. TD Cowen upped their price target on shares of Advanced Micro Devices from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Sanford C. Bernstein reiterated a “market perform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday. Erste Group Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, September 11th. Finally, Barclays reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $273.49.
Check Out Our Latest Report on AMD
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.
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