Renaissance Technologies LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Renaissance Technologies LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,825,890 shares of the semiconductor manufacturer's stock, valued at approximately $296,178,000. Advanced Micro Devices accounts for about 0.5% of Renaissance Technologies LLC's investment portfolio, making the stock its 22nd largest position. Renaissance Technologies LLC owned about 0.11% of Advanced Micro Devices as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in AMD. Fortis Capital Advisors LLC increased its holdings in shares of Advanced Micro Devices by 137.8% during the 4th quarter. Fortis Capital Advisors LLC now owns 12,485 shares of the semiconductor manufacturer's stock valued at $1,840,000 after purchasing an additional 7,235 shares in the last quarter. Chapin Davis Inc. raised its position in shares of Advanced Micro Devices by 613.4% in the first quarter. Chapin Davis Inc. now owns 12,263 shares of the semiconductor manufacturer's stock worth $2,213,000 after acquiring an additional 10,544 shares during the period. Gordian Capital Singapore Pte Ltd boosted its stake in shares of Advanced Micro Devices by 77.4% during the 4th quarter. Gordian Capital Singapore Pte Ltd now owns 49,093 shares of the semiconductor manufacturer's stock worth $7,237,000 after acquiring an additional 21,417 shares in the last quarter. GW&K Investment Management LLC grew its position in shares of Advanced Micro Devices by 11.5% during the 4th quarter. GW&K Investment Management LLC now owns 822 shares of the semiconductor manufacturer's stock valued at $121,000 after acquiring an additional 85 shares during the period. Finally, Bank of New Hampshire increased its stake in shares of Advanced Micro Devices by 811.3% in the 1st quarter. Bank of New Hampshire now owns 8,065 shares of the semiconductor manufacturer's stock valued at $1,456,000 after purchasing an additional 7,180 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 0.2 %

Advanced Micro Devices stock traded down $0.23 during mid-day trading on Monday, hitting $152.08. The company's stock had a trading volume of 27,648,791 shares, compared to its average volume of 60,511,246. The stock's fifty day moving average is $149.56 and its two-hundred day moving average is $161.78. 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 capitalization of $246.14 billion, a PE ratio of 222.53, a price-to-earnings-growth ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 1 year low of $93.11 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.68 by $0.01. The business 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 company's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.56 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the business's stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $184.50, for a total value of $3,091,482.00. Following the sale, the executive vice president now owns 1,546,227 shares of the company's stock, valued at $285,278,881.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.73% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. KeyCorp lowered their price target on Advanced Micro Devices from $230.00 to $220.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 9th. Truist Financial dropped their price target 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. Bank of America reduced their price objective on shares of Advanced Micro Devices from $195.00 to $180.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. Barclays cut their target price on shares of Advanced Micro Devices from $235.00 to $180.00 and set an "overweight" rating for the company in a research note on Monday, July 29th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $210.00 price target on shares of Advanced Micro Devices in a research note on Monday, August 19th. One equities research 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $193.45.

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.