Financial Management Professionals Inc. raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 73.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,580 shares of the semiconductor manufacturer’s stock after buying an additional 1,090 shares during the period. Financial Management Professionals Inc.’s holdings in Advanced Micro Devices were worth $366,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Advanced Micro Devices by 1.4% during the first quarter. Vanguard Group Inc. now owns 152,367,351 shares of the semiconductor manufacturer’s stock worth $15,654,222,000 after purchasing an additional 2,157,199 shares during the period. Amundi increased its stake in shares of Advanced Micro Devices by 8.0% during the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock worth $1,677,014,000 after purchasing an additional 1,319,064 shares during the period. Invesco Ltd. increased its stake in shares of Advanced Micro Devices by 4.0% during the first quarter. Invesco Ltd. now owns 11,819,012 shares of the semiconductor manufacturer’s stock worth $1,214,285,000 after purchasing an additional 450,695 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Advanced Micro Devices by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 10,549,100 shares of the semiconductor manufacturer’s stock worth $1,083,815,000 after purchasing an additional 466,048 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its stake 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. Institutional investors own 71.34% of the company’s stock.
Advanced Micro Devices Stock Up 0.7%
Shares of NASDAQ:AMD opened at $160.90 on Wednesday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $186.65. The firm has a fifty day moving average of $165.40 and a 200 day moving average of $130.18. The firm has a market capitalization of $261.11 billion, a PE ratio of 92.47, a price-to-earnings-growth ratio of 1.88 and a beta of 1.92. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.81 and a current ratio of 2.49.
Insider Activity at Advanced Micro Devices
In other Advanced Micro Devices news, CEO Lisa T. Su sold 225,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total transaction of $36,893,250.00. Following the completion of the sale, the chief executive officer directly owned 3,359,748 shares in the company, valued at $550,897,879.56. This represents a 6.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. The trade was a 7.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 270,198 shares of company stock valued at $44,183,576 over the last ninety days. 0.06% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on AMD shares. Hsbc Global Res upgraded Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 10th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, June 13th. Deutsche Bank Aktiengesellschaft set a $200.00 price objective on Advanced Micro Devices in a report on Wednesday, August 6th. Wells Fargo & Company raised their target price on Advanced Micro Devices from $120.00 to $185.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, Barclays raised their target price on Advanced Micro Devices from $130.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average price target of $180.88.
Get Our Latest Research Report on Advanced Micro Devices
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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