NFJ Investment Group LLC Purchases 53,241 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

NFJ Investment Group LLC raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 60.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 141,027 shares of the semiconductor manufacturer's stock after purchasing an additional 53,241 shares during the quarter. NFJ Investment Group LLC's holdings in Advanced Micro Devices were worth $17,035,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Howard Capital Management Group LLC raised its stake in Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock valued at $300,000 after buying an additional 324 shares during the period. Principal Financial Group Inc. lifted its holdings in Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after purchasing an additional 588,595 shares during the last quarter. M&T Bank Corp boosted its position in Advanced Micro Devices by 6.0% during the third quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer's stock worth $19,179,000 after purchasing an additional 6,569 shares during the period. Advisory Resource Group lifted its stake in shares of Advanced Micro Devices by 19.3% during the 3rd quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock worth $1,300,000 after buying an additional 1,282 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in shares of Advanced Micro Devices by 1.9% during the 3rd quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer's stock worth $815,000 after buying an additional 103 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMD. Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $160.00 to $129.00 in a report on Tuesday, January 28th. TD Cowen dropped their target price on Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Piper Sandler restated an "overweight" rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. UBS Group dropped their price objective on shares of Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Loop Capital initiated coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a "buy" rating and a $175.00 target price on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $144.90.

Advanced Micro Devices Stock Down 0.9 %

Shares of Advanced Micro Devices stock traded down $0.79 on Friday, hitting $87.50. The company had a trading volume of 34,685,670 shares, compared to its average volume of 43,168,875. The stock has a market capitalization of $141.42 billion, a price-to-earnings ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89. The stock has a 50 day moving average of $101.40 and a 200-day moving average of $124.05. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

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

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.06% of the company's stock.

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.