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

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 208,655 shares of the semiconductor manufacturer’s stock after buying 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 reporting period.

Other large investors have also modified their holdings of the company. Wise Wealth Partners acquired a new stake in Advanced Micro Devices during the 2nd quarter worth approximately $343,000. Waterfront Wealth Inc. acquired a new position in shares of Advanced Micro Devices in the second quarter valued at approximately $1,145,000. Global Retirement Partners LLC purchased a new stake in shares of Advanced Micro Devices during the second quarter worth approximately $4,519,000. Cornercap Investment Counsel Inc. lifted its holdings in shares of Advanced Micro Devices by 43.3% during the second quarter. Cornercap Investment Counsel Inc. now owns 12,245 shares of the semiconductor manufacturer’s stock worth $1,738,000 after purchasing an additional 3,702 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of Advanced Micro Devices by 7.5% during the second quarter. Swiss National Bank now owns 4,917,975 shares of the semiconductor manufacturer’s stock worth $697,861,000 after purchasing an additional 341,000 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the topic of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $300.00 price objective on shares of Advanced Micro Devices in a research note on Monday. TD Cowen reiterated a “buy” rating on shares of Advanced Micro Devices in a research note on Tuesday, December 2nd. KeyCorp reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday. CICC Research raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 price objective on the stock in a report on Friday, November 7th. Finally, Benchmark increased their target price on Advanced Micro Devices from $270.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $280.22.

Advanced Micro Devices Trading Up 2.3%

NASDAQ:AMD opened at $259.68 on Monday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $267.08. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $218.66 and a 200-day simple moving average of $199.30. The company has a market capitalization of $422.77 billion, a PE ratio of 128.56, a price-to-earnings-growth ratio of 1.08 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share 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 net margin of 10.32% and a return on equity of 8.04%. The firm’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period last year, the firm posted $0.92 EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the completion of the transaction, the executive vice president directly owned 300,348 shares of the company’s stock, valued at $68,890,820.76. This trade represents a 6.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,108 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the sale, the executive vice president directly owned 1,714,505 shares in the company, valued at approximately $411,686,940.60. The trade was a 0.99% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 164,000 shares of company stock valued at $36,034,173. Company insiders own 0.06% of the company’s stock.

Advanced Micro Devices Company 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.