Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by National Pension Service

National Pension Service boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,137,750 shares of the semiconductor manufacturer’s stock after purchasing an additional 398,108 shares during the period. National Pension Service owned about 0.19% of Advanced Micro Devices worth $514,842,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Silicon Valley Capital Partners boosted its stake in Advanced Micro Devices by 0.5% during the 3rd quarter. Silicon Valley Capital Partners now owns 30,386 shares of the semiconductor manufacturer’s stock valued at $4,986,000 after acquiring an additional 153 shares during the last quarter. Vestor Capital LLC raised its stake in shares of Advanced Micro Devices by 7.7% in the 3rd quarter. Vestor Capital LLC now owns 1,392 shares of the semiconductor manufacturer’s stock valued at $228,000 after purchasing an additional 100 shares in the last quarter. Ground Swell Capital LLC bought a new position in shares of Advanced Micro Devices during the third quarter worth about $930,000. Citizens National Bank Trust Department grew its stake in Advanced Micro Devices by 11.6% in the third quarter. Citizens National Bank Trust Department now owns 6,691 shares of the semiconductor manufacturer’s stock worth $1,098,000 after purchasing an additional 695 shares in the last quarter. Finally, Donaldson Capital Management LLC increased its holdings in Advanced Micro Devices by 3.9% in the third quarter. Donaldson Capital Management LLC now owns 2,692 shares of the semiconductor manufacturer’s stock valued at $442,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $140.24 on Monday. Advanced Micro Devices, Inc. has a 1 year low of $110.22 and a 1 year high of $227.30. The firm has a market cap of $227.58 billion, a P/E ratio of 127.80, a PEG ratio of 1.98 and a beta of 1.71. The stock has a fifty day moving average price of $154.75 and a two-hundred day moving average price of $155.77. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.01 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Research analysts forecast that Advanced Micro Devices, Inc. will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on AMD shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Truist Financial decreased their price objective on shares of Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating for the company in a report on Wednesday, July 31st. BNP Paribas raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Wednesday, July 31st. KeyCorp reduced their price target on shares of Advanced Micro Devices from $230.00 to $220.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company boosted their price objective on shares of Advanced Micro Devices from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average target price of $192.79.

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.