Vienna Asset Management LLC Has $6.86 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vienna Asset Management LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 197.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,796 shares of the semiconductor manufacturer's stock after buying an additional 37,696 shares during the quarter. Advanced Micro Devices makes up about 4.6% of Vienna Asset Management LLC's investment portfolio, making the stock its 8th largest position. Vienna Asset Management LLC's holdings in Advanced Micro Devices were worth $6,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Advanced Micro Devices by 23.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,335 shares of the semiconductor manufacturer's stock worth $1,248,000 after acquiring an additional 1,942 shares in the last quarter. Procyon Advisors LLC raised its position in Advanced Micro Devices by 17.5% in the 4th quarter. Procyon Advisors LLC now owns 4,437 shares of the semiconductor manufacturer's stock valued at $536,000 after purchasing an additional 660 shares during the last quarter. Merit Financial Group LLC boosted its stake in Advanced Micro Devices by 27.0% in the fourth quarter. Merit Financial Group LLC now owns 31,228 shares of the semiconductor manufacturer's stock worth $3,772,000 after purchasing an additional 6,637 shares in the last quarter. Sax Wealth Advisors LLC bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth $514,000. Finally, Arkadios Wealth Advisors grew its holdings in shares of Advanced Micro Devices by 27.6% during the fourth quarter. Arkadios Wealth Advisors now owns 17,621 shares of the semiconductor manufacturer's stock worth $2,128,000 after purchasing an additional 3,813 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. Barclays lifted their price target on Advanced Micro Devices from $110.00 to $130.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Stifel Nicolaus set a $132.00 target price on shares of Advanced Micro Devices in a research report on Monday, April 28th. DZ Bank raised shares of Advanced Micro Devices from a "hold" rating to a "buy" rating and set a $118.00 price target on the stock in a research note on Thursday, May 8th. Truist Financial set a $130.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Evercore ISI reduced 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. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $132.58.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the 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 transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Trading Down 0.3%

Shares of AMD stock traded down $0.37 on Friday, hitting $110.34. The stock had a trading volume of 16,693,347 shares, compared to its average volume of 42,486,163. 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, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a fifty day moving average price of $99.87 and a two-hundred day moving average price of $114.29. The firm has a market cap of $178.90 billion, a P/E ratio of 111.31, a PEG ratio of 1.11 and a beta of 1.97.

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

Advanced Micro Devices declared that its board has authorized a share repurchase program on Wednesday, May 14th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor manufacturer to buy up to 3.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is 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.