4,320 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Crux Wealth Advisors

Crux Wealth Advisors purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,320 shares of the semiconductor manufacturer's stock, valued at approximately $522,000.

Several other hedge funds also recently modified their holdings of AMD. Norges Bank acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $2,867,193,000. Van ECK Associates Corp boosted its holdings 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 period. Vanguard Group Inc. grew its position 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 buying an additional 1,441,626 shares in the last quarter. Alecta Tjanstepension Omsesidigt bought a new position in Advanced Micro Devices in the fourth quarter valued at approximately $165,952,000. Finally, APG Asset Management N.V. increased its stake in shares of Advanced Micro Devices by 675.9% in the 4th quarter. APG Asset Management N.V. now owns 1,546,529 shares of the semiconductor manufacturer's stock valued at $180,401,000 after purchasing an additional 1,347,203 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMD shares. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price target for the company from $175.00 to $129.00 in a research note on Friday, January 10th. TD Cowen decreased their price objective on shares of Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Melius Research reaffirmed a "hold" rating and set a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. 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 note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $148.76.

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Advanced Micro Devices Price Performance

Shares of NASDAQ AMD traded down $7.49 during mid-day trading on Wednesday, hitting $87.80. 34,123,979 shares of the company's stock traded hands, compared to its average volume of 43,282,092. The company's 50-day moving average is $102.25 and its two-hundred day moving average is $124.83. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a market capitalization of $141.91 billion, a P/E ratio of 88.69, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts' consensus estimates 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 anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.73% of the company's stock.

About Advanced Micro Devices

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.