Everence Capital Management Inc. Has $6.25 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Everence Capital Management Inc. grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,406 shares of the semiconductor manufacturer’s stock after buying an additional 8,690 shares during the quarter. Everence Capital Management Inc.’s holdings in Advanced Micro Devices were worth $6,251,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AMD. Norges Bank acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $1,252,070,000. Moneta Group Investment Advisors LLC boosted its holdings in Advanced Micro Devices by 105,415.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock worth $552,275,000 after purchasing an additional 8,518,629 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Advanced Micro Devices during the first quarter worth about $777,111,000. Northern Trust Corp boosted its holdings in Advanced Micro Devices by 35.5% during the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock worth $1,868,258,000 after purchasing an additional 4,475,368 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after purchasing an additional 3,714,069 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the sale, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 324,943 shares of company stock valued at $59,919,994. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD traded up $3.14 during trading on Tuesday, reaching $163.46. The company had a trading volume of 55,042,596 shares, compared to its average volume of 74,959,172. The company has a fifty day moving average of $180.87 and a two-hundred day moving average of $147.77. The stock has a market capitalization of $264.17 billion, a P/E ratio of 313.95, a price-to-earnings-growth ratio of 2.49 and a beta of 1.64. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMD shares. JPMorgan Chase & Co. boosted their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target on the stock in a report on Monday, January 8th. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 price objective on shares of Advanced Micro Devices in a research report on Monday, March 4th. Finally, New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a research report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.15.

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.