Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 915,039 shares of the semiconductor manufacturer’s stock after buying an additional 46,004 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Advanced Micro Devices were worth $150,140,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of AMD. Citizens Financial Group Inc. RI raised its position in shares of Advanced Micro Devices by 49.0% in the first quarter. Citizens Financial Group Inc. RI now owns 7,126 shares of the semiconductor manufacturer’s stock valued at $1,286,000 after buying an additional 2,345 shares during the last quarter. LRI Investments LLC acquired a new stake in Advanced Micro Devices in the 1st quarter valued at about $49,000. Atria Investments Inc raised its holdings in Advanced Micro Devices by 16.2% in the 1st quarter. Atria Investments Inc now owns 51,904 shares of the semiconductor manufacturer’s stock valued at $9,368,000 after acquiring an additional 7,236 shares during the last quarter. Cetera Investment Advisers lifted its stake in Advanced Micro Devices by 381.2% in the 1st quarter. Cetera Investment Advisers now owns 868,590 shares of the semiconductor manufacturer’s stock worth $156,772,000 after purchasing an additional 688,081 shares in the last quarter. Finally, Cetera Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 339.3% during the 1st quarter. Cetera Advisors LLC now owns 157,137 shares of the semiconductor manufacturer’s stock worth $28,362,000 after purchasing an additional 121,366 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

AMD stock opened at $136.24 on Thursday. The business’s 50-day moving average is $152.94 and its two-hundred day moving average is $154.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm has a market capitalization of $221.09 billion, a P/E ratio of 122.74, a P/E/G ratio of 1.95 and a beta of 1.71. Advanced Micro Devices, Inc. has a 1 year low of $116.37 and a 1 year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. UBS Group reduced their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Morgan Stanley lowered their price target on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Barclays dropped their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Edward Jones began coverage on shares of Advanced Micro Devices in a research note on Tuesday, August 20th. They set a “buy” rating on the stock. Finally, Truist Financial dropped their price target on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.79.

Insider Activity

In related news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

About Advanced Micro Devices

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.