Geode Capital Management LLC Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Geode Capital Management LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,243,843 shares of the semiconductor manufacturer's stock after purchasing an additional 441,924 shares during the period. Advanced Micro Devices accounts for approximately 0.5% of Geode Capital Management LLC's investment portfolio, making the stock its 27th biggest position. Geode Capital Management LLC owned approximately 2.11% of Advanced Micro Devices worth $5,597,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Savoie Capital LLC increased its stake in shares of Advanced Micro Devices by 4.2% in the 3rd quarter. Savoie Capital LLC now owns 206,425 shares of the semiconductor manufacturer's stock worth $33,870,000 after acquiring an additional 8,303 shares during the last quarter. Goodman Advisory Group LLC purchased a new position in Advanced Micro Devices during the third quarter worth about $850,000. Frisch Financial Group Inc. raised its stake in Advanced Micro Devices by 18.6% during the third quarter. Frisch Financial Group Inc. now owns 1,512 shares of the semiconductor manufacturer's stock worth $248,000 after purchasing an additional 237 shares during the period. Sylebra Capital LLC boosted its holdings in Advanced Micro Devices by 100.0% in the 3rd quarter. Sylebra Capital LLC now owns 1,146,888 shares of the semiconductor manufacturer's stock valued at $188,181,000 after purchasing an additional 573,444 shares during the last quarter. Finally, Vestcor Inc grew its stake in shares of Advanced Micro Devices by 83.9% in the 3rd quarter. Vestcor Inc now owns 56,524 shares of the semiconductor manufacturer's stock valued at $9,274,000 after buying an additional 25,781 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $3.13 during mid-day trading on Tuesday, reaching $127.74. 38,500,926 shares of the stock were exchanged, compared to its average volume of 53,937,348. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $121.82 and a 1 year high of $227.30. The company has a 50 day simple moving average of $149.48 and a 200-day simple moving average of $153.01. The stock has a market capitalization of $207.30 billion, a P/E ratio of 115.08, a P/E/G ratio of 1.91 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. Advanced Micro Devices's revenue for the quarter was up 17.6% on a year-over-year basis. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This trade represents a 12.14 % 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. Also, CEO Lisa T. Su sold 80,000 shares of the business's stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock worth $28,165,821 in the last quarter. Company insiders own 0.65% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group decreased their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Edward Jones began coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They set a "buy" rating for the company. Citigroup reduced their price objective on shares of Advanced Micro Devices from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Monday, October 28th. Finally, Roth Mkm reissued a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and an average price target of $192.36.

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.