Advanced Micro Devices, Inc. (NASDAQ:AMD) is OVERSEA CHINESE BANKING Corp Ltd’s 10th Largest Position

OVERSEA CHINESE BANKING Corp Ltd grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 82.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 390,075 shares of the semiconductor manufacturer’s stock after purchasing an additional 176,789 shares during the period. Advanced Micro Devices makes up approximately 1.8% of OVERSEA CHINESE BANKING Corp Ltd’s holdings, making the stock its 10th largest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Advanced Micro Devices were worth $65,173,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in Advanced Micro Devices during the 1st quarter worth approximately $331,000. Sheets Smith Wealth Management raised its stake in shares of Advanced Micro Devices by 12.1% during the first quarter. Sheets Smith Wealth Management now owns 2,355 shares of the semiconductor manufacturer’s stock valued at $425,000 after purchasing an additional 255 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Advanced Micro Devices by 9.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 4,235,836 shares of the semiconductor manufacturer’s stock worth $764,526,000 after purchasing an additional 382,397 shares in the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Advanced Micro Devices by 30.9% in the first quarter. Koshinski Asset Management Inc. now owns 5,562 shares of the semiconductor manufacturer’s stock valued at $1,004,000 after purchasing an additional 1,313 shares during the period. Finally, Patton Fund Management Inc. acquired a new stake in Advanced Micro Devices during the 1st quarter valued at $5,804,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 in the company, valued at $513,150,048.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.73% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Wedbush reissued an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, July 31st. Citigroup lowered their price objective on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, July 31st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.79.

Advanced Micro Devices Trading Down 0.4 %

Shares of NASDAQ:AMD opened at $147.35 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $154.44 and its 200 day moving average price is $155.57. The company has a market cap of $239.12 billion, a PE ratio of 132.75, a P/E/G ratio of 2.05 and a beta of 1.71. Advanced Micro Devices, Inc. has a fifty-two week low of $116.00 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

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.