Fmr LLC Has $1.63 Billion Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fmr LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 49.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,497,347 shares of the semiconductor manufacturer’s stock after selling 13,207,556 shares during the period. Fmr LLC owned 0.83% of Advanced Micro Devices worth $1,630,345,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Westwood Wealth Management boosted its position in Advanced Micro Devices by 4.1% during the fourth quarter. Westwood Wealth Management now owns 4,832 shares of the semiconductor manufacturer’s stock worth $584,000 after purchasing an additional 189 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in shares of Advanced Micro Devices by 2,744.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 768 shares of the semiconductor manufacturer’s stock worth $93,000 after buying an additional 741 shares during the period. MIG Capital LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $340,000. Ilmarinen Mutual Pension Insurance Co grew its stake in Advanced Micro Devices by 22.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 275,000 shares of the semiconductor manufacturer’s stock valued at $33,217,000 after buying an additional 50,000 shares during the last quarter. Finally, Hurley Capital LLC bought a new position in Advanced Micro Devices in the 4th quarter worth $37,000. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on AMD shares. Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the company from $135.00 to $120.00 in a research note on Thursday, March 27th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday, March 26th. Melius Research reiterated a “hold” rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. KeyCorp decreased their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $152.72.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $85.76 on Monday. The stock’s fifty day moving average is $106.88 and its 200-day moving average is $128.81. 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, Inc. has a 52 week low of $81.68 and a 52 week high of $187.28. The stock has a market capitalization of $138.61 billion, a PE ratio of 86.63, a PEG ratio of 1.11 and a beta of 1.88.

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, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal 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.