Sivia Capital Partners LLC Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sivia Capital Partners LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,035 shares of the semiconductor manufacturer’s stock after buying an additional 170 shares during the period. Sivia Capital Partners LLC’s holdings in Advanced Micro Devices were worth $728,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Advanced Micro Devices by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock worth $20,997,873,000 after buying an additional 2,390,558 shares during the period. Fisher Asset Management LLC increased its position in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock worth $4,181,849,000 after acquiring an additional 600,638 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock valued at $4,079,674,000 after acquiring an additional 2,553,392 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Advanced Micro Devices by 5.9% in the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. Finally, Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $3,426,529,000. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ:AMD traded up $0.01 during trading hours on Wednesday, reaching $164.32. 16,236,709 shares of the company traded hands, compared to its average volume of 64,593,523. Advanced Micro Devices, Inc. has a 1-year low of $93.11 and a 1-year high of $227.30. The stock has a market cap of $265.59 billion, a P/E ratio of 240.46, a P/E/G ratio of 1.87 and a beta of 1.69. The firm’s 50-day moving average is $159.54 and its 200-day moving average is $165.56. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.43 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMD. Piper Sandler reaffirmed an “overweight” rating and issued a $175.00 price target (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Susquehanna upped their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research report on Monday, June 10th. Morgan Stanley downgraded Advanced Micro Devices from an “overweight” rating to an “equal weight” rating and set a $176.00 price target for the company. in a report on Monday, June 10th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Saturday, June 15th. Finally, Mizuho dropped their target price on shares of Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

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.