Brooklyn FI LLC Invests $3.24 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Brooklyn FI LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 26,816 shares of the semiconductor manufacturer's stock, valued at approximately $3,239,000.

A number of other hedge funds have also modified their holdings of AMD. Vanguard Group Inc. boosted its stake in shares of 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 valued at $18,143,884,000 after buying an additional 1,441,626 shares during the period. Geode Capital Management LLC boosted its stake in shares of Advanced Micro Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock valued at $4,224,840,000 after buying an additional 835,413 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Advanced Micro Devices by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock valued at $2,909,350,000 after buying an additional 290,784 shares during the period. Norges Bank purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $2,867,193,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Advanced Micro Devices by 9.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 21,401,436 shares of the semiconductor manufacturer's stock valued at $2,585,079,000 after buying an additional 1,929,225 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMD shares. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. UBS Group cut their target price on Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler reissued an "overweight" rating and set a $125.00 target price (down previously from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Raymond James reissued an "outperform" rating and set a $120.00 target price (down previously from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, Benchmark reissued a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Fourteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $132.58.

Advanced Micro Devices Trading Up 3.9%

Shares of Advanced Micro Devices stock traded up $4.25 during mid-day trading on Tuesday, hitting $114.56. 37,748,913 shares of the stock were exchanged, compared to its average volume of 42,275,512. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The stock has a market capitalization of $185.75 billion, a price-to-earnings ratio of 115.72, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company has a 50-day simple moving average of $100.08 and a 200 day simple moving average of $113.34. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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

Advanced Micro Devices announced that its board has initiated a stock repurchase program on Wednesday, May 14th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership 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.