Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 304,617 shares of the semiconductor manufacturer’s stock after buying an additional 13,704 shares during the period. Erste Asset Management GmbH’s holdings in Advanced Micro Devices were worth $36,795,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Achmea Investment Management B.V. boosted its stake in Advanced Micro Devices by 23.0% in the 4th quarter. Achmea Investment Management B.V. now owns 77,436 shares of the semiconductor manufacturer’s stock worth $9,354,000 after buying an additional 14,465 shares during the last quarter. Rakuten Securities Inc. raised its holdings in shares of Advanced Micro Devices by 306.8% in the 4th quarter. Rakuten Securities Inc. now owns 23,352 shares of the semiconductor manufacturer’s stock worth $2,821,000 after purchasing an additional 17,611 shares during the period. Avantax Advisory Services Inc. raised its holdings in shares of Advanced Micro Devices by 8.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 108,626 shares of the semiconductor manufacturer’s stock worth $13,121,000 after purchasing an additional 8,811 shares during the period. Truvestments Capital LLC raised its holdings in shares of Advanced Micro Devices by 4.7% in the 4th quarter. Truvestments Capital LLC now owns 3,510 shares of the semiconductor manufacturer’s stock worth $424,000 after purchasing an additional 159 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Advanced Micro Devices by 7.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 61,529 shares of the semiconductor manufacturer’s stock worth $7,432,000 after purchasing an additional 4,313 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research reports. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. UBS Group set a $175.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, TD Cowen dropped their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Price Performance

Shares of AMD opened at $100.79 on Thursday. The firm has a market cap of $163.33 billion, a price-to-earnings ratio of 101.81, a PEG ratio of 1.11 and a beta of 1.74. The stock has a 50 day moving average of $112.99 and a 200-day moving average of $133.94. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $198.83.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS 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%. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.