Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by ING Groep NV

ING Groep NV raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 8.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 684,649 shares of the semiconductor manufacturer's stock after purchasing an additional 55,212 shares during the quarter. ING Groep NV's holdings in Advanced Micro Devices were worth $82,699,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in Advanced Micro Devices by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after purchasing an additional 177,700 shares in the last quarter. Swiss National Bank grew its stake in Advanced Micro Devices by 0.3% during the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after buying an additional 12,500 shares during the period. Shum Financial Group Inc. acquired a new stake in shares of Advanced Micro Devices in the third quarter worth $858,000. State Street Corp raised its stake in shares of Advanced Micro Devices by 2.3% in 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 acquiring an additional 1,580,035 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after acquiring an additional 441,924 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler lowered their price target on Advanced Micro Devices from $180.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Hsbc Global Res lowered shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Stifel Nicolaus decreased their target price on shares of Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. KeyCorp dropped their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, DZ Bank lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective on the stock. in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $158.70.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $3.29 during mid-day trading on Friday, hitting $110.88. The company had a trading volume of 34,951,271 shares, compared to its average volume of 40,541,477. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The stock has a market cap of $179.68 billion, a price-to-earnings ratio of 112.00, a PEG ratio of 1.15 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm's 50 day simple moving average is $119.16 and its two-hundred day simple moving average is $138.11.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, 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.