1,298 Shares in Advanced Micro Devices, Inc. $AMD Purchased by Endeavor Private Wealth Inc.

Endeavor Private Wealth Inc. acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 1,298 shares of the semiconductor manufacturer’s stock, valued at approximately $278,000.

A number of other large investors have also added to or reduced their stakes in AMD. Norges Bank purchased a new stake in Advanced Micro Devices during the fourth quarter worth about $4,929,312,000. Jennison Associates LLC increased its holdings in Advanced Micro Devices by 181.6% during the fourth quarter. Jennison Associates LLC now owns 10,910,310 shares of the semiconductor manufacturer’s stock worth $2,336,552,000 after buying an additional 7,035,991 shares during the last quarter. Wellington Management Group LLP increased its holdings in Advanced Micro Devices by 335.9% during the third quarter. Wellington Management Group LLP now owns 4,847,825 shares of the semiconductor manufacturer’s stock worth $784,330,000 after buying an additional 3,735,807 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Advanced Micro Devices by 104.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,991,297 shares of the semiconductor manufacturer’s stock worth $1,283,096,000 after buying an additional 3,059,935 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Advanced Micro Devices by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 158,522,860 shares of the semiconductor manufacturer’s stock worth $33,949,256,000 after buying an additional 2,525,109 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Key Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $490.33 on Tuesday. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $799.53 billion, a PE ratio of 160.76, a P/E/G ratio of 1.37 and a beta of 2.50. Advanced Micro Devices, Inc. has a twelve month low of $115.06 and a twelve month high of $546.44. The company has a 50-day moving average price of $364.09 and a two-hundred day moving average price of $266.99.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.29 by $0.08. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company’s quarterly revenue was up 37.8% on a year-over-year basis. During the same quarter last year, the business earned $0.96 earnings per share. Equities analysts forecast that Advanced Micro Devices, Inc. will post 6.2 EPS for the current year.

Insider Buying and Selling

In other news, EVP Paul Darren Grasby sold 24,376 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $444.39, for a total value of $10,832,450.64. Following the completion of the transaction, the executive vice president directly owned 105,222 shares in the company, valued at approximately $46,759,604.58. This trade represents a 18.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 31,320 shares of the firm’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $350.00, for a total transaction of $10,962,000.00. Following the completion of the transaction, the executive vice president owned 1,236,037 shares of the company’s stock, valued at $432,612,950. This trade represents a 2.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 339,532 shares of company stock valued at $119,504,341 in the last three months. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on AMD shares. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 25th. Susquehanna raised their price objective on shares of Advanced Micro Devices from $375.00 to $450.00 and gave the stock a “positive” rating in a report on Wednesday, May 6th. Seaport Research Partners upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $430.00 price objective for the company in a report on Wednesday, May 6th. HSBC lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and increased their target price for the stock from $335.00 to $340.00 in a research report on Monday, May 4th. Finally, Zacks Research lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $419.86.

Check Out Our Latest Report on Advanced Micro Devices

About Advanced Micro Devices

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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