Advanced Micro Devices, Inc. $AMD Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.7% during the third quarter, Holdings Channel reports. The fund owned 208,655 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,391 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Advanced Micro Devices were worth $33,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Monte Financial Group LLC purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth $294,000. White Wing Wealth Management grew its position in shares of Advanced Micro Devices by 43.2% in the third quarter. White Wing Wealth Management now owns 6,642 shares of the semiconductor manufacturer’s stock valued at $1,089,000 after purchasing an additional 2,005 shares during the period. Sovran Advisors LLC increased its stake in Advanced Micro Devices by 47.8% in the third quarter. Sovran Advisors LLC now owns 3,483 shares of the semiconductor manufacturer’s stock valued at $564,000 after purchasing an additional 1,127 shares during the last quarter. OneAscent Family Office LLC increased its stake in Advanced Micro Devices by 2.6% in the third quarter. OneAscent Family Office LLC now owns 1,755 shares of the semiconductor manufacturer’s stock valued at $284,000 after purchasing an additional 44 shares during the last quarter. Finally, EWA LLC lifted its position in Advanced Micro Devices by 15.8% during the third quarter. EWA LLC now owns 2,796 shares of the semiconductor manufacturer’s stock worth $452,000 after buying an additional 382 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on AMD shares. Mizuho lifted their price target on Advanced Micro Devices from $275.00 to $285.00 and gave the company an “outperform” rating in a report on Wednesday, November 12th. HSBC raised their target price on shares of Advanced Micro Devices from $185.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Micro Devices in a report on Monday, December 29th. CICC Research raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price target for the company in a research report on Friday, November 7th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Advanced Micro Devices in a research note on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $280.22.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $215.14, for a total transaction of $26,892,500.00. Following the sale, the chief executive officer directly owned 3,277,476 shares in the company, valued at approximately $705,116,186.64. This trade represents a 3.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,108 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the transaction, the executive vice president owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. This represents a 0.99% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 164,000 shares of company stock valued at $36,034,173. Corporate insiders own 0.06% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $259.68 on Monday. The firm’s fifty day simple moving average is $218.66 and its 200 day simple moving average is $199.30. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $267.08. The firm has a market capitalization of $422.77 billion, a price-to-earnings ratio of 128.56, a PEG ratio of 1.08 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. The firm had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.