Vanguard Group Inc. Acquires 1,441,626 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vanguard Group Inc. raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 150,210,152 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,441,626 shares during the period. Vanguard Group Inc. owned about 0.09% of Advanced Micro Devices worth $18,143,884,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Swedbank AB grew its holdings in shares of Advanced Micro Devices by 0.8% in the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after purchasing an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC grew its holdings in shares of Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after purchasing an additional 324 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after purchasing an additional 588,595 shares during the last quarter. United Bank bought a new position in shares of Advanced Micro Devices in the third quarter worth approximately $516,000. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Advanced Micro Devices by 2.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 395,380 shares of the semiconductor manufacturer’s stock worth $64,874,000 after purchasing an additional 10,613 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 0.7 %

Advanced Micro Devices stock opened at $106.44 on Friday. The business has a 50-day simple moving average of $110.28 and a two-hundred day simple moving average of $131.84. The company has a market cap of $172.48 billion, a P/E ratio of 107.52, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Wedbush restated an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a research note on Tuesday, February 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Finally, Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices 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.