King Luther Capital Management Corp Has $9.02 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

King Luther Capital Management Corp grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 7.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 54,994 shares of the semiconductor manufacturer's stock after buying an additional 3,919 shares during the period. King Luther Capital Management Corp's holdings in Advanced Micro Devices were worth $9,023,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. International Assets Investment Management LLC lifted its position in Advanced Micro Devices by 17,137.3% during 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 during the last quarter. Van ECK Associates Corp boosted its stake in Advanced Micro Devices by 52.6% during the 2nd quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor manufacturer's stock valued at $1,402,412,000 after purchasing an additional 2,979,204 shares during the period. Assenagon Asset Management S.A. grew its holdings in Advanced Micro Devices by 42.2% in 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 buying an additional 2,497,056 shares during the last quarter. Renaissance Technologies LLC bought a new position in Advanced Micro Devices in the 2nd quarter worth approximately $296,178,000. Finally, Swedbank AB acquired a new position in shares of Advanced Micro Devices during the first quarter worth approximately $290,842,000. Institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AMD shares. Roth Mkm reissued a "buy" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Friday, October 11th. Barclays lowered their price objective on Advanced Micro Devices from $180.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday, October 30th. UBS Group dropped their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. TD Cowen cut their target price on Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Finally, Truist Financial decreased their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating on the stock in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $192.79.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company's stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.73% of the company's stock.

Advanced Micro Devices Trading Up 0.6 %

Advanced Micro Devices stock traded up $0.86 during midday trading on Friday, hitting $138.35. 21,743,273 shares of the stock were exchanged, compared to its average volume of 55,010,801. The stock has a market capitalization of $224.52 billion, a PE ratio of 123.74, a P/E/G ratio of 1.93 and a beta of 1.71. The company has a fifty day simple moving average of $153.95 and a two-hundred day simple moving average of $154.70. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $116.37 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts' consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same period last year, the firm posted $0.53 earnings per share. The business's quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

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.