2,520 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Swmg LLC

Swmg LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 1st quarter, HoldingsChannel reports. The firm bought 2,520 shares of the semiconductor manufacturer’s stock, valued at approximately $244,000.

A number of other large investors also recently made changes to their positions in AMD. Norges Bank acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $2,867,193,000. Toronto Dominion Bank increased its stake in shares of Advanced Micro Devices by 443.3% in the fourth quarter. Toronto Dominion Bank now owns 5,467,956 shares of the semiconductor manufacturer’s stock worth $660,475,000 after acquiring an additional 4,461,609 shares during the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Advanced Micro Devices by 2,265.5% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock worth $364,459,000 after acquiring an additional 2,889,739 shares in the last quarter. Northern Trust Corp grew its stake in Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock valued at $2,072,215,000 after purchasing an additional 2,874,012 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Advanced Micro Devices by 12,097.8% in the 1st quarter. GAMMA Investing LLC now owns 2,008,978 shares of the semiconductor manufacturer’s stock worth $206,402,000 after purchasing an additional 1,992,508 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president directly owned 1,713,710 shares of the company’s stock, valued at $163,607,893.70. This represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of several recent research reports. Piper Sandler boosted their target price on shares of Advanced Micro Devices from $125.00 to $140.00 and gave the stock an “overweight” rating in a research report on Monday, June 16th. Citigroup reiterated a “neutral” rating and issued a $120.00 price objective (up from $100.00) on shares of Advanced Micro Devices in a report on Monday, June 9th. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a research report on Thursday, May 8th. HSBC raised Advanced Micro Devices from a “reduce” rating to a “hold” rating in a research report on Tuesday, May 27th. Finally, Jefferies Financial Group lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price objective for the company from $135.00 to $120.00 in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $138.19.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $135.57 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 2.80 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $115.18 and its 200 day simple moving average is $111.22. The stock has a market cap of $219.81 billion, a P/E ratio of 99.68, a price-to-earnings-growth ratio of 1.83 and a beta of 2.05. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 8.03% and a return on equity of 8.30%. The company had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the previous year, the company earned $0.62 earnings per share. Advanced Micro Devices’s quarterly revenue was up 35.9% on a year-over-year basis. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Advanced Micro Devices declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

Advanced Micro Devices Company 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.