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6,208 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) purchased by US Asset Management LLC

US Asset Management LLC has purchased a new position in shares of Advanced Micro Devices, Inc., according to its latest 13F filing with the Securities and Exchange Commission. (NASDAQ:AMD – Free Report) in the fourth quarter. The fund bought 6,208 shares of the semiconductor maker worth about $915,000.

A number of other institutional investors also increased or decreased their holdings in AMD. In the third quarter, Vanguard Group Inc. increased its holdings in Advanced Micro Devices shares by 0.8%. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor maker’s stock valued at $14,400,437,000 after acquiring an additional 1,153,611 shares in the last quarter. Fisher Asset Management LLC increased its position in Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor maker’s stock valued at $4,181,849,000 after purchasing an additional 600,638 shares during the period. Jennison Associates LLC increased its position in Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor maker’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. Northern Trust Corp increased its position in the Advanced Micro Devices segment by 2.5% during the third quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor maker’s stock valued at $1,631,021,000 after purchasing an additional 385,636 shares during the period. Finally, in the fourth quarter, Charles Schwab Investment Management Inc. increased its position in the Advanced Micro Devices segment by 2.6%. Charles Schwab Investment Management Inc. now owns 8,923,022 shares of the semiconductor maker’s stock valued at $1,315,343,000 after purchasing an additional 229,286 shares during the period. 71.34% of the shares are currently held by institutional investors and hedge funds.

Confidential activity

In other Advanced Micro Devices news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57 for a total value of $2,876,634.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock valued at $276,050,677.14. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other news, VP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57 for a total value of $2,876,634.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a legal document filed with the SEC, which can be accessed through this hyperlink. Additionally, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated 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 approximately $794,069.94. The announcement of this sale can be found here. Over the last three months, insiders sold 181,850 shares of company stock worth $34,637,833. 0.65% of the shares are owned by insiders.

Advanced micro device stocks fell 0.2%

Advanced Micro Devices shares fell $0.24 on Friday, hitting $152.15. 26,158,268 shares of the company were traded, while its average volume was 69,862,930. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03 . Advanced Micro Devices, Inc. it has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a 50-day moving average price of $173.27 and a 200-day moving average price of $153.23. The company has a market capitalization of $245.92 billion, a PE ratio of 223.49, a PEG ratio of 2.33 and a beta of 1.66.

Advanced Micro Devices ( NASDAQ:AMD – Get Free Report ) last released its earnings results on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, which was $0.01 ahead of analysts’ consensus estimates of $0.61. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s revenues increased by 2.2% year-on-year. During the same quarter last year, the company earned $0.43 EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will see 2.63 earnings per share for the current year.

Wall Street analysts predict growth

Many analysts have rated AMD stock. Barclays increased their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Benchmark lowered their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and set the stock with a “buy” rating in a research report on Thursday, May 2nd. Northland Securities upgraded Advanced Micro Devices from an “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research note on Wednesday, January 31st. Cantor Fitzgerald lowered their target price on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Ultimately, Wedbush reissued an outperform rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. One analyst rated the company with a sell rating, two with a hold rating, and twenty-seven gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $183.94.

Check out our latest report on AMD

Advanced microdevice profile

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

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Institutional ownership by quarter for Advanced Micro Devices (NASDAQ:AMD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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