Global Retirement Partners LLC Purchases 4,556 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Global Retirement Partners LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,198 shares of the semiconductor manufacturer's stock after acquiring an additional 4,556 shares during the quarter. Global Retirement Partners LLC's holdings in Advanced Micro Devices were worth $3,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of AMD. International Assets Investment Management LLC increased its stake in shares of Advanced Micro Devices by 17,137.3% in the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock worth $1,289,818,000 after acquiring an additional 7,815,305 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Advanced Micro Devices by 42.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock valued at $1,381,679,000 after purchasing an additional 2,497,056 shares in the last quarter. Van ECK Associates Corp increased its stake in 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 valued at $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. State Street Corp increased its stake 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 valued at $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Advanced Micro Devices by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer's stock valued at $3,195,000,000 after purchasing an additional 1,565,083 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company's stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of analyst reports. Wedbush restated an "outperform" rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Bank of America reduced their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research note on Wednesday, February 5th. Barclays reduced their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. StockNews.com lowered shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Tuesday, January 14th. Finally, Piper Sandler reduced their price objective on shares of Advanced Micro Devices from $180.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and a consensus target price of $158.70.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded down $2.99 during trading hours on Friday, hitting $111.18. 28,028,670 shares of the stock traded hands, compared to its average volume of 40,385,324. 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, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company has a market cap of $180.16 billion, a price-to-earnings ratio of 112.08, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. The stock has a 50 day moving average price of $119.16 and a 200 day moving average price of $138.11.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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.