Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by River Global Investors LLP

River Global Investors LLP lowered its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,020 shares of the semiconductor manufacturer’s stock after selling 8,893 shares during the quarter. River Global Investors LLP’s holdings in Advanced Micro Devices were worth $1,814,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Advanced Micro Devices in the fourth quarter worth approximately $8,958,000. Banco Santander S.A. lifted its stake in shares of Advanced Micro Devices by 16.7% in the 4th quarter. Banco Santander S.A. now owns 103,257 shares of the semiconductor manufacturer’s stock valued at $12,472,000 after purchasing an additional 14,743 shares during the last quarter. Machina Capital S.A.S. purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth $1,134,000. Oak Hill Wealth Advisors LLC increased its position in shares of Advanced Micro Devices by 200.0% during the 4th quarter. Oak Hill Wealth Advisors LLC now owns 2,730 shares of the semiconductor manufacturer’s stock worth $330,000 after purchasing an additional 5,460 shares during the last quarter. Finally, Andra AP fonden purchased a new stake in Advanced Micro Devices in the 4th quarter valued at about $1,583,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $100.31 on Friday. 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, Inc. has a 52 week low of $95.89 and a 52 week high of $227.30. The firm’s 50 day moving average is $114.39 and its two-hundred day moving average is $135.28. The firm has a market capitalization of $162.55 billion, a P/E ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.65.

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

Analyst Ratings Changes

AMD has been the subject of a number of recent analyst reports. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. TD Cowen dropped their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Finally, Bank of America decreased their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Insiders Place Their Bets

In other news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.73% 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.