Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 648,669 shares of the semiconductor manufacturer’s stock after acquiring an additional 44,712 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Advanced Micro Devices were worth $95,620,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake 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 buying an additional 1,153,611 shares during the period. Fisher Asset Management LLC increased its stake in Advanced Micro Devices by 2.2% during the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock worth $4,181,849,000 after buying an additional 600,638 shares during the period. Jennison Associates LLC increased its stake in Advanced Micro Devices by 5.9% during the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock worth $3,963,307,000 after buying an additional 1,490,997 shares during the period. Northern Trust Corp increased its stake in Advanced Micro Devices by 2.5% during the 3rd quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock worth $1,631,021,000 after buying an additional 385,636 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Advanced Micro Devices by 0.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock worth $893,890,000 after purchasing an additional 79,817 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $4.44 during mid-day trading on Friday, reaching $150.60. The stock had a trading volume of 49,303,126 shares, compared to its average volume of 71,957,258. The firm’s 50 day simple moving average is $175.93 and its 200 day simple moving average is $151.50. Advanced Micro Devices, Inc. has a one year low of $81.11 and a one year high of $227.30. The firm has a market cap of $243.39 billion, a PE ratio of 221.47, a P/E/G ratio of 2.19 and a beta of 1.66. The company has a quick ratio of 1.86, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the business earned $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Insider Buying and Selling

In related news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The disclosure for this sale can be found here. Insiders sold a total of 181,850 shares of company stock worth $34,637,833 over the last three months. 0.73% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AMD has been the subject of several analyst reports. TD Cowen boosted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Roth Mkm cut their price objective on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday. KeyCorp decreased their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday. DZ Bank reissued a “hold” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Finally, The Goldman Sachs Group lifted their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $184.24.

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.