bLong Financial LLC Acquires Shares of 15,930 Advanced Micro Devices, Inc. (NASDAQ:AMD)

bLong Financial LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,930 shares of the semiconductor manufacturer's stock, valued at approximately $1,924,000. Advanced Micro Devices accounts for 1.6% of bLong Financial LLC's investment portfolio, making the stock its 12th biggest holding.

A number of other large investors have also recently bought and sold shares of AMD. Charles Schwab Investment Management Inc. grew its position in Advanced Micro Devices by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock valued at $1,584,515,000 after acquiring an additional 177,700 shares during the last quarter. Swiss National Bank boosted its stake in shares of Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock valued at $787,186,000 after purchasing an additional 12,500 shares in the last quarter. Shum Financial Group Inc. bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $858,000. State Street Corp increased its position in Advanced Micro Devices by 2.3% during the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Advanced Micro Devices by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were purchased 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 directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Stock Up 0.4 %

Shares of NASDAQ AMD traded up $0.41 during midday trading on Wednesday, hitting $114.69. 28,677,260 shares of the stock traded hands, compared to its average volume of 41,227,355. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30. The business has a 50 day moving average price of $119.80 and a two-hundred day moving average price of $138.44. The company has a market cap of $185.85 billion, a PE ratio of 115.85, a P/E/G ratio of 1.13 and a beta of 1.65.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Melius Research reiterated a "hold" rating and set a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Wedbush reaffirmed an "outperform" rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Piper Sandler cut their price target on Advanced Micro Devices from $180.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Loop Capital assumed coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price objective for the company. Finally, Bank of America cut their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $158.70.

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.