Mercer Global Advisors Inc. ADV Invests $21.13 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Mercer Global Advisors Inc. ADV acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 177,721 shares of the semiconductor manufacturer's stock, valued at approximately $21,133,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after buying an additional 1,441,626 shares in the last quarter. Geode Capital Management LLC raised its stake in Advanced Micro Devices by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock worth $4,224,840,000 after acquiring an additional 835,413 shares in the last quarter. 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 purchasing an additional 290,784 shares in the last quarter. Norges Bank acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $2,867,193,000. Finally, Northern Trust Corp grew its holdings in shares of Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock valued at $2,072,215,000 after purchasing an additional 2,874,012 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction 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 sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.06% of the company's stock.

Advanced Micro Devices Stock Up 2.2 %

Shares of NASDAQ:AMD traded up $2.15 during midday trading on Friday, hitting $98.80. 29,865,977 shares of the company's stock were exchanged, compared to its average volume of 42,202,228. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a market cap of $159.69 billion, a PE ratio of 99.80, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The stock has a 50 day moving average price of $97.39 and a 200-day moving average price of $118.29.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

AMD has been the topic of a number of research reports. UBS Group decreased their target price on shares of Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Melius lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. HSBC reiterated a "reduce" rating and issued a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Truist Financial set a $130.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Bank of America dropped their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.57.

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.