Longbow Finance SA Acquires 2,152 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Longbow Finance SA raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.0% in the 4th quarter, HoldingsChannel reports. The firm owned 45,438 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,152 shares during the quarter. Longbow Finance SA’s holdings in Advanced Micro Devices were worth $5,488,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of AMD. Swedbank AB raised its position in Advanced Micro Devices by 0.8% in the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after purchasing an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC raised its position in shares of Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 324 shares during the last quarter. Modera Wealth Management LLC raised its position in shares of Advanced Micro Devices by 12.4% during the third quarter. Modera Wealth Management LLC now owns 3,758 shares of the semiconductor manufacturer’s stock worth $617,000 after acquiring an additional 415 shares during the last quarter. Bristlecone Advisors LLC raised its position in shares of Advanced Micro Devices by 41.3% during the third quarter. Bristlecone Advisors LLC now owns 5,128 shares of the semiconductor manufacturer’s stock worth $841,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Clear Harbor Asset Management LLC raised its position in shares of Advanced Micro Devices by 9.5% during the third quarter. Clear Harbor Asset Management LLC now owns 3,318 shares of the semiconductor manufacturer’s stock worth $544,000 after acquiring an additional 289 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices 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 completion of the transaction, the executive vice president now directly 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 position. The disclosure for this purchase can be found here. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Stock Down 2.5 %

AMD stock opened at $108.11 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market capitalization of $175.19 billion, a P/E ratio of 109.20, a P/E/G ratio of 1.11 and a beta of 1.66. The business has a 50-day moving average of $118.47 and a 200-day moving average of $137.86. Advanced Micro Devices, Inc. has a fifty-two week low of $106.50 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AMD shares. TD Cowen dropped their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Barclays dropped their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley set a $137.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

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.