Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Allen Investment Management LLC

Allen Investment Management LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1,934.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,246 shares of the semiconductor manufacturer's stock after acquiring an additional 36,366 shares during the period. Allen Investment Management LLC's holdings in Advanced Micro Devices were worth $6,204,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Advanced Micro Devices by 1.6% during the first quarter. Vanguard Group Inc. now owns 144,794,666 shares of the semiconductor manufacturer's stock worth $26,133,989,000 after acquiring an additional 2,349,288 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 28,338,223 shares of the semiconductor manufacturer's stock worth $4,177,338,000 after purchasing an additional 570,035 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer's stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares during the period. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth $3,426,529,000. Finally, Wellington Management Group LLP lifted its holdings in shares of Advanced Micro Devices by 2.6% during the fourth quarter. Wellington Management Group LLP now owns 19,218,241 shares of the semiconductor manufacturer's stock worth $2,832,961,000 after purchasing an additional 478,718 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. BNP Paribas raised Advanced Micro Devices to a "strong-buy" rating in a report on Wednesday, July 31st. StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, July 31st. Truist Financial decreased their price target on Advanced Micro Devices from $162.00 to $156.00 and set a "hold" rating for the company in a report on Wednesday, July 31st. Susquehanna reissued a "positive" rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Finally, KeyCorp reduced their target price on Advanced Micro Devices from $230.00 to $220.00 and set an "overweight" rating for the company in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $193.45.

Advanced Micro Devices Trading Up 1.0 %

AMD traded up $1.54 during midday trading on Friday, hitting $152.31. The company's stock had a trading volume of 25,042,535 shares, compared to its average volume of 60,696,652. The company has a current ratio of 2.82, a quick ratio of 2.01 and a debt-to-equity ratio of 0.03. The firm has a market cap of $246.51 billion, a P/E ratio of 223.99, a PEG ratio of 2.04 and a beta of 1.69. The firm has a 50-day moving average price of $149.56 and a two-hundred day moving average price of $161.88. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. The company had revenue of $5.84 billion during the quarter, compared to analysts' expectations of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The firm's revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 EPS. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business's stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is owned by company insiders.

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.