Capital Research Global Investors Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Capital Research Global Investors acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,372,126 shares of the semiconductor manufacturer's stock, valued at approximately $165,739,000. Capital Research Global Investors owned approximately 0.08% of Advanced Micro Devices at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of AMD. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 1.0% in 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 in the last quarter. Geode Capital Management LLC lifted its position in Advanced Micro Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock worth $4,224,840,000 after acquiring an additional 835,413 shares during the last quarter. Fisher Asset Management LLC lifted its position in Advanced Micro Devices by 1.2% during the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock worth $2,909,350,000 after acquiring an additional 290,784 shares during the last quarter. Norges Bank acquired a new position in Advanced Micro Devices during the 4th quarter worth $2,867,193,000. Finally, Van ECK Associates Corp grew its holdings in shares of Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock worth $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. StockNews.com cut shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Truist Financial set a $130.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Melius Research reiterated a "hold" rating and issued a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Wedbush decreased their price objective on shares of Advanced Micro Devices from $150.00 to $115.00 and set an "outperform" rating on the stock in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average target price of $140.57.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is owned by company insiders.

Advanced Micro Devices Stock Up 4.5 %

Shares of Advanced Micro Devices stock traded up $4.07 on Thursday, reaching $94.46. 17,995,384 shares of the company were exchanged, compared to its average volume of 40,382,227. The company has a market capitalization of $152.68 billion, a price-to-earnings ratio of 95.38, a PEG 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, Inc. has a one year low of $76.48 and a one year high of $187.28. The company has a 50-day moving average of $99.44 and a 200 day moving average of $121.95.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results 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 return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.