Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 21.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 660,526 shares of the semiconductor manufacturer’s stock after selling 178,922 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Advanced Micro Devices were worth $79,785,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Howard Capital Management Group LLC grew its position in Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 324 shares during the period. Principal Financial Group Inc. increased its position in Advanced Micro Devices by 30.2% during the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after purchasing an additional 588,595 shares in the last quarter. United Bank purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $516,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Advanced Micro Devices during the third quarter worth about $454,000. Finally, D.A. Davidson & CO. lifted its position in Advanced Micro Devices by 26.6% during the 3rd quarter. D.A. Davidson & CO. now owns 36,451 shares of the semiconductor manufacturer’s stock worth $5,981,000 after acquiring an additional 7,648 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Loop Capital began coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $155.14.

Advanced Micro Devices Trading Down 4.0 %

Shares of AMD stock opened at $110.19 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28. The firm has a market capitalization of $178.56 billion, a PE ratio of 111.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The stock has a fifty day moving average of $109.99 and a two-hundred day moving average of $131.31. 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 (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting 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, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS 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.