Prudential PLC Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Prudential PLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 215,311 shares of the semiconductor manufacturer's stock after purchasing an additional 6,740 shares during the quarter. Prudential PLC's holdings in Advanced Micro Devices were worth $26,007,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $2,867,193,000. Van ECK Associates Corp lifted its stake in Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. State Street Corp grew its holdings in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after purchasing an additional 1,580,035 shares during the period. Vanguard Group Inc. grew its holdings in 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 worth $18,143,884,000 after purchasing an additional 1,441,626 shares during the period. Finally, Alecta Tjanstepension Omsesidigt acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $165,952,000. 71.34% of the stock is currently owned by institutional investors.

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Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 4.9 %

NASDAQ AMD traded down $4.16 during mid-day trading on Monday, reaching $81.60. 39,264,538 shares of the stock were exchanged, compared to its average volume of 43,049,227. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market cap of $131.89 billion, a P/E ratio of 82.53, a P/E/G ratio of 1.11 and a beta of 1.88. The stock has a 50 day simple moving average of $106.88 and a 200-day simple moving average of $128.81. Advanced Micro Devices, Inc. has a one year low of $77.89 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

AMD has been the subject of several research analyst reports. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Barclays cut their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Truist Financial set a $130.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $152.72.

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.