Dimensional Fund Advisors LP Buys 214,335 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Dimensional Fund Advisors LP lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,857,713 shares of the semiconductor manufacturer's stock after buying an additional 214,335 shares during the period. Dimensional Fund Advisors LP owned 0.36% of Advanced Micro Devices worth $707,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in Advanced Micro Devices in the 4th quarter worth about $2,867,193,000. Van ECK Associates Corp grew 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 worth $1,432,538,000 after buying an additional 2,238,866 shares in the last quarter. Vanguard Group Inc. increased its position in Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after acquiring an additional 1,441,626 shares during the period. Alecta Tjanstepension Omsesidigt bought a new stake in Advanced Micro Devices during the 4th quarter valued at $165,952,000. Finally, APG Asset Management N.V. boosted its position in Advanced Micro Devices by 675.9% during the 4th quarter. APG Asset Management N.V. now owns 1,546,529 shares of the semiconductor manufacturer's stock worth $180,401,000 after acquiring an additional 1,347,203 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was 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 of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Philip Guido bought 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Performance

AMD stock traded down $0.79 during mid-day trading on Friday, reaching $87.50. 34,685,670 shares of the stock traded hands, compared to its average volume of 43,016,706. The firm has a market capitalization of $141.42 billion, a PE ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89. The business has a 50-day moving average of $100.93 and a two-hundred day moving average of $123.02. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (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, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMD. Rosenblatt Securities restated a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Jefferies Financial Group lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price objective for the company from $135.00 to $120.00 in a research note on Thursday, March 27th. Loop Capital initiated coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a "buy" rating and a $175.00 price target for the company. DZ Bank downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a research note on Friday, February 7th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $144.90.

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.