Rockefeller Capital Management L.P. Boosts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Rockefeller Capital Management L.P. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,227,719 shares of the semiconductor manufacturer's stock after buying an additional 68,413 shares during the quarter. Advanced Micro Devices accounts for 0.5% of Rockefeller Capital Management L.P.'s investment portfolio, making the stock its 24th largest position. Rockefeller Capital Management L.P. owned approximately 0.08% of Advanced Micro Devices worth $201,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Creative Capital Management Investments LLC raised its holdings in Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 86 shares in the last quarter. ZRC Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 90.4% in the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 75 shares in the last quarter. Morton Brown Family Wealth LLC raised its holdings in shares of Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after purchasing an additional 85 shares in the last quarter. Fairway Wealth LLC acquired a new position in shares of Advanced Micro Devices during the second quarter worth $27,000. Finally, Chelsea Counsel Co. purchased a new position in Advanced Micro Devices in the first quarter valued at $34,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. UBS Group lowered their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a report on Wednesday, October 30th. Barclays cut their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 30th. Piper Sandler reissued an "overweight" rating and issued a $180.00 price target (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, Citigroup dropped their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $192.79.

Advanced Micro Devices Price Performance

AMD stock traded up $0.94 during trading on Friday, reaching $137.18. 16,042,051 shares of the company were exchanged, compared to its average volume of 54,531,340. The company has a market cap of $222.62 billion, a P/E ratio of 124.11, a PEG ratio of 1.88 and a beta of 1.71. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock's 50 day moving average price is $152.53 and its 200 day moving average price is $154.16. Advanced Micro Devices, Inc. has a 52-week low of $116.37 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts' consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same period in the previous year, the business earned $0.53 earnings per share. Advanced Micro Devices's quarterly revenue was up 17.6% compared to the same quarter last year. As a group, analysts predict that Advanced Micro Devices, Inc. will post 2.54 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.