Legal & General Group Plc Sells 4,362,006 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Legal & General Group Plc decreased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,148,831 shares of the semiconductor manufacturer’s stock after selling 4,362,006 shares during the period. Legal & General Group Plc’s holdings in Advanced Micro Devices were worth $1,346,667,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of AMD. KLP Kapitalforvaltning AS purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $65,897,000. Geode Capital Management LLC grew its holdings in shares of Advanced Micro Devices by 1.3% in the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. Enzi Wealth bought a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $569,000. Welch Group LLC lifted its holdings in Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after buying an additional 2,981 shares during the period. Finally, Stonegate Investment Group LLC lifted its stake in Advanced Micro Devices by 39.5% in the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock worth $61,896,000 after acquiring an additional 145,067 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on AMD shares. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research note on Friday, February 7th. Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, UBS Group set a $175.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $152.72.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $85.76 on Monday. Advanced Micro Devices, Inc. has a fifty-two week low of $81.68 and a fifty-two week high of $187.28. The company has a 50 day moving average price of $106.88 and a 200 day moving average price of $128.81. The stock has a market capitalization of $138.61 billion, a P/E ratio of 86.63, a PEG ratio of 1.11 and a beta of 1.88. 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 (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate 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.