FIL Ltd Purchases 8,212 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

FIL Ltd raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,795 shares of the semiconductor manufacturer's stock after purchasing an additional 8,212 shares during the quarter. FIL Ltd's holdings in Advanced Micro Devices were worth $17,248,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of AMD. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices during the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter worth approximately $29,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices during the fourth quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $32,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

Shares of AMD traded down $5.71 during trading hours on Wednesday, hitting $89.59. The stock had a trading volume of 22,433,695 shares, compared to its average volume of 43,230,437. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The stock has a market capitalization of $144.80 billion, a price-to-earnings ratio of 90.57, a P/E/G ratio of 1.11 and a beta of 1.89. The company's fifty 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.

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Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued 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, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.73% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on AMD shares. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. DZ Bank lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 target price on the stock. in a report on Friday, February 7th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average 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.