3,642 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Acquired by Cornerstone Select Advisors LLC

Cornerstone Select Advisors LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,642 shares of the semiconductor manufacturer's stock, valued at approximately $440,000.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Norges Bank purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $2,867,193,000. Kovitz Investment Group Partners LLC lifted its stake 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 buying an additional 2,889,739 shares during the period. Northern Trust Corp grew its holdings in shares of Advanced Micro Devices by 20.1% during 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 buying an additional 2,874,012 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after acquiring an additional 2,238,866 shares during the period. Finally, Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AMD shares. Evercore ISI cut their price objective on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a report on Thursday, April 17th. Piper Sandler reiterated an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Barclays decreased their price objective on shares of Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Finally, Hsbc Global Res lowered Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.57.

Advanced Micro Devices Stock Down 2.0 %

NASDAQ AMD opened at $98.62 on Wednesday. The business has a fifty day moving average price of $97.29 and a 200 day moving average price of $117.51. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market cap of $159.40 billion, a P/E ratio of 99.62, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analysts' expectations of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

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.

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