Vega Investment Solutions Purchases Shares of 3,893 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vega Investment Solutions acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,893 shares of the semiconductor manufacturer's stock, valued at approximately $470,000.

Several other large investors have also recently modified their holdings of AMD. Koshinski Asset Management Inc. lifted its stake in shares of Advanced Micro Devices by 1.9% during the fourth quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after buying an additional 91 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in Advanced Micro Devices by 202.8% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 9,340 shares of the semiconductor manufacturer's stock worth $1,128,000 after acquiring an additional 6,255 shares during the period. MCF Advisors LLC grew its stake in Advanced Micro Devices by 8.9% during the 4th quarter. MCF Advisors LLC now owns 1,856 shares of the semiconductor manufacturer's stock valued at $224,000 after purchasing an additional 152 shares during the last quarter. Sheets Smith Wealth Management increased its holdings in shares of Advanced Micro Devices by 157.5% in the fourth quarter. Sheets Smith Wealth Management now owns 5,198 shares of the semiconductor manufacturer's stock valued at $628,000 after purchasing an additional 3,179 shares during the period. Finally, Advisory Alpha LLC raised its stake in shares of Advanced Micro Devices by 9.7% in the fourth quarter. Advisory Alpha LLC now owns 5,636 shares of the semiconductor manufacturer's stock worth $681,000 after purchasing an additional 498 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Piper Sandler reiterated an "overweight" rating and issued a $125.00 target price (down previously from $140.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Wells Fargo & Company dropped their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Sanford C. Bernstein cut their price objective on shares of Advanced Micro Devices from $125.00 to $95.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 22nd. UBS Group decreased their target price on shares of Advanced Micro Devices from $155.00 to $150.00 and set a "buy" rating for the company in a research report on Wednesday, May 7th. Finally, Seaport Res Ptn raised Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, twenty have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.58.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.06% of the company's stock.

Advanced Micro Devices Trading Down 1.2%

Shares of Advanced Micro Devices stock opened at $110.71 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock's 50 day simple moving average is $99.87 and its 200-day simple moving average is $114.29. The stock has a market cap of $179.51 billion, a P/E ratio of 111.83, a P/E/G ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28.

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

Advanced Micro Devices declared that its board has approved a share repurchase plan on Wednesday, May 14th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor manufacturer to repurchase up to 3.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board believes its stock is undervalued.

Advanced Micro Devices 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order 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 contact@marketbeat.com.