11,935 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Headlands Technologies LLC

Headlands Technologies LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 11,935 shares of the semiconductor manufacturer's stock, valued at approximately $1,759,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Washburn Capital Management Inc. acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $231,000. Pathway Financial Advisors LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $229,000. Independence Bank of Kentucky increased its position in Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer's stock worth $541,000 after buying an additional 1,677 shares during the last quarter. Gendell Jeffrey L acquired a new position in Advanced Micro Devices during the third quarter worth approximately $3,085,000. Finally, Sara Bay Financial acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $315,000. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded up $3.64 during mid-day trading on Friday, reaching $157.40. The company's stock had a trading volume of 42,425,480 shares, compared to its average volume of 54,821,344. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The company has a market capitalization of $254.38 billion, a P/E ratio of 302.70, a PEG ratio of 2.39 and a beta of 1.64. The firm's fifty day moving average price is $177.46 and its two-hundred day moving average price is $150.85.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts' consensus estimates of $0.77. The company had revenue of $6.17 billion for the quarter, compared to analysts' expectations of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm's revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the company's stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Victor Peng sold 100,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AMD has been the subject of several recent research reports. Truist Financial boosted their price target on Advanced Micro Devices from $154.00 to $174.00 and gave the company a "hold" rating in a research note on Wednesday, January 31st. Wells Fargo & Company boosted their price target on Advanced Micro Devices from $165.00 to $190.00 and gave the company an "overweight" rating in a research note on Wednesday, January 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $190.00 price target on shares of Advanced Micro Devices in a research note on Monday, March 4th. Evercore ISI assumed coverage on Advanced Micro Devices in a research note on Tuesday, April 16th. They issued an "outperform" rating and a $200.00 price target for the company. Finally, KeyCorp upped their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $185.59.

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.