OneAscent Financial Services LLC Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

OneAscent Financial Services LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 112.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,150 shares of the semiconductor manufacturer's stock after buying an additional 2,730 shares during the quarter. OneAscent Financial Services LLC's holdings in Advanced Micro Devices were worth $622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $65,897,000. State Street Corp increased its stake in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. Enzi Wealth bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $569,000. Finally, Welch Group LLC boosted its position in shares of Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after purchasing an additional 2,981 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Rosenblatt Securities reiterated a "buy" rating and set a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. DZ Bank lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a research report on Friday, February 7th. Morgan Stanley set a $137.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their price objective 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. Finally, Truist Financial set a $130.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $152.72.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.65% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded down $9.16 during trading on Thursday, hitting $93.80. The company had a trading volume of 50,312,478 shares, compared to its average volume of 43,242,335. Advanced Micro Devices, Inc. has a 12 month low of $93.21 and a 12 month 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. The firm has a market capitalization of $151.61 billion, a P/E ratio of 94.75, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88. The stock has a 50 day simple moving average of $107.62 and a 200 day simple moving average of $129.56.

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