Strategic Blueprint LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Strategic Blueprint LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,218 shares of the semiconductor manufacturer's stock after acquiring an additional 2,425 shares during the quarter. Strategic Blueprint LLC's holdings in Advanced Micro Devices were worth $1,113,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in AMD. International Assets Investment Management LLC lifted its holdings in shares of Advanced Micro Devices by 17,137.3% in the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer's stock valued at $1,289,818,000 after purchasing an additional 7,815,305 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Advanced Micro Devices by 42.2% during the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer's stock worth $1,381,679,000 after buying an additional 2,497,056 shares during the period. State Street Corp lifted its stake in Advanced Micro Devices by 2.3% in 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 buying an additional 1,580,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Advanced Micro Devices by 8.7% in the third 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 acquiring an additional 1,565,083 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Advanced Micro Devices by 11.3% during the third quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer's stock worth $1,471,128,000 after acquiring an additional 975,220 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company's stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 over the last ninety days. 0.73% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMD. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. UBS Group decreased their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Tuesday, January 14th. Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $160.00 to $129.00 in a research report on Tuesday. Finally, TD Cowen dropped their target price on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $171.04.

Advanced Micro Devices Trading Up 1.3 %

Shares of AMD stock opened at $118.86 on Friday. The stock has a market cap of $192.89 billion, a P/E ratio of 107.08, a P/E/G ratio of 1.04 and a beta of 1.66. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $112.80 and a fifty-two week high of $227.30. The business has a fifty day simple moving average of $126.37 and a 200-day simple moving average of $141.93.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the firm posted $0.53 EPS. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

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.