Vanguard Group Inc. Raises Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vanguard Group Inc. boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,210,152 shares of the semiconductor manufacturer's stock after buying an additional 1,441,626 shares during the quarter. Vanguard Group Inc. owned approximately 9.27% of Advanced Micro Devices worth $18,143,884,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Bedell Frazier Investment Counselling LLC grew its position in shares of Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock worth $292,000 after buying an additional 74 shares during the last quarter. NCM Capital Management LLC boosted its holdings in Advanced Micro Devices by 0.9% in the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer's stock valued at $1,420,000 after acquiring an additional 75 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in Advanced Micro Devices by 15.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer's stock valued at $94,000 after acquiring an additional 76 shares in the last quarter. Northeast Financial Consultants Inc increased its position in Advanced Micro Devices by 2.9% during the 3rd quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer's stock valued at $479,000 after purchasing an additional 81 shares during the period. Finally, Abel Hall LLC raised its holdings in Advanced Micro Devices by 4.6% in the 3rd quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer's stock worth $304,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.73% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Wolfe Research cut Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 16th. DZ Bank lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 target price for the company. in a research report on Friday, February 7th. Mizuho lowered their target price on Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Finally, Benchmark reaffirmed a "buy" rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $155.14.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $4.62 on Wednesday, reaching $110.19. The stock had a trading volume of 39,795,529 shares, compared to its average volume of 43,200,063. The stock has a market cap of $178.56 billion, a P/E ratio of 111.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. 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, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28. The company has a 50 day simple moving average of $110.18 and a 200 day simple moving average of $131.46.

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

Advanced Micro Devices 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.