Good Life Advisors LLC Has $1.02 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Good Life Advisors LLC reduced its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 17.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,925 shares of the semiconductor manufacturer’s stock after selling 1,502 shares during the period. Good Life Advisors LLC’s holdings in Advanced Micro Devices were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Advanced Micro Devices by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock worth $14,400,437,000 after acquiring an additional 1,153,611 shares during the last quarter. State Street Corp lifted its stake in shares of Advanced Micro Devices by 1.7% in the 1st quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock valued at $6,375,083,000 after purchasing an additional 1,112,077 shares during the period. Norges Bank acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $1,252,070,000. Northern Trust Corp lifted its stake in shares of Advanced Micro Devices by 35.5% in the 1st quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after purchasing an additional 4,475,368 shares during the period. Finally, Barclays PLC lifted its stake in shares of Advanced Micro Devices by 38.5% in the 2nd quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer’s stock valued at $1,015,677,000 after purchasing an additional 2,479,272 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMD. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, January 31st. Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research note on Monday, January 8th. Truist Financial raised their price objective on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Morgan Stanley increased their target price on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $145.00 target price on shares of Advanced Micro Devices in a report on Thursday, December 7th. Four research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $181.82.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $290,290,831.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock worth $59,919,994 in the last quarter. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 0.5 %

AMD stock traded up $0.90 during midday trading on Thursday, hitting $180.49. The stock had a trading volume of 57,021,648 shares, compared to its average volume of 77,964,414. The firm has a market cap of $291.70 billion, a P/E ratio of 349.16, a price-to-earnings-growth ratio of 2.67 and a beta of 1.66. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The business has a fifty day moving average price of $180.63 and a two-hundred day moving average price of $140.69.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current fiscal year.

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.