Metis Global Partners LLC Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Metis Global Partners LLC raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,392 shares of the semiconductor manufacturer’s stock after purchasing an additional 12,272 shares during the period. Metis Global Partners LLC’s holdings in Advanced Micro Devices were worth $13,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Peoples Bank KS bought a new position in Advanced Micro Devices in the third quarter worth about $26,000. Spartan Planning & Wealth Management purchased a new position in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $27,000. Bare Financial Services Inc bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth $29,000. Finally, Kathleen S. Wright Associates Inc. bought a new position in Advanced Micro Devices in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock, valued at approximately $457,151.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. Insiders have sold 181,850 shares of company stock valued at $34,637,833 in the last ninety days. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMD. Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a research report on Wednesday, January 31st. Benchmark lowered their price objective on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday. Wedbush reissued an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. Truist Financial reduced their price objective on shares of Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a research note on Wednesday. Finally, Evercore ISI reduced their price target on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $184.24.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $4.44 during mid-day trading on Friday, hitting $150.60. The stock had a trading volume of 49,361,081 shares, compared to its average volume of 55,429,640. Advanced Micro Devices, Inc. has a one year low of $81.11 and a one year high of $227.30. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $243.42 billion, a P/E ratio of 221.47, a P/E/G ratio of 2.36 and a beta of 1.66. The firm’s 50 day moving average is $175.41 and its 200 day moving average is $152.49.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal 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.