Royal London Asset Management Ltd. Boosts Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Royal London Asset Management Ltd. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 723,828 shares of the semiconductor manufacturer's stock after acquiring an additional 13,102 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Advanced Micro Devices were worth $87,431,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Van ECK Associates Corp increased its holdings in Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after buying an additional 2,238,866 shares during the period. State Street Corp increased its holdings in Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after buying an additional 1,580,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Advanced Micro Devices by 8.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer's stock valued at $3,195,000,000 after buying an additional 1,565,083 shares during the period. Alecta Tjanstepension Omsesidigt bought a new position in Advanced Micro Devices in the 4th quarter valued at about $165,952,000. Finally, Clear Street Derivatives LLC bought a new position in Advanced Micro Devices in the 3rd quarter valued at about $110,496,000. 71.34% of the stock is owned by institutional investors.

Remove Ads

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Down 0.7 %

Shares of Advanced Micro Devices stock traded down $0.70 during trading on Friday, reaching $106.44. 30,651,823 shares of the company traded hands, compared to its average volume of 43,462,777. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $187.28. The company has a 50 day moving average price of $110.28 and a 200-day moving average price of $131.84. The firm has a market capitalization of $172.48 billion, a PE ratio of 107.52, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting 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, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on AMD. Melius Research reissued a "hold" rating and issued a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Mizuho decreased their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Bank of America decreased their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a report on Wednesday, February 5th. Finally, Summit Insights raised shares of Advanced Micro Devices to a "hold" rating in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $155.14.

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.