Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Lifted by APG Asset Management N.V.

APG Asset Management N.V. raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 675.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,546,529 shares of the semiconductor manufacturer's stock after purchasing an additional 1,347,203 shares during the period. APG Asset Management N.V. owned 0.10% of Advanced Micro Devices worth $180,401,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices in the 4th quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the fourth quarter worth about $29,000. Summit Securities Group LLC bought a new position in Advanced Micro Devices in the fourth quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity

In related news, EVP Philip Guido purchased 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Up 5.3 %

AMD stock traded up $4.70 during mid-day trading on Friday, reaching $93.40. 57,828,823 shares of the stock traded hands, compared to its average volume of 43,549,346. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The stock's fifty day moving average is $102.89 and its 200-day moving average is $125.81. The company has a market cap of $150.96 billion, a P/E ratio of 94.34, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wedbush reissued an "outperform" rating and issued a $150.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Bank of America cut their target price on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, DZ Bank lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research note on Friday, February 7th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $148.76.

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.