Advanced Micro Devices, Inc. (NASDAQ:AMD) Position Decreased by Van ECK Associates Corp

Van ECK Associates Corp lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,756,287 shares of the semiconductor manufacturer's stock after selling 129,933 shares during the period. Advanced Micro Devices makes up approximately 1.5% of Van ECK Associates Corp's portfolio, making the stock its 9th biggest holding. Van ECK Associates Corp owned 0.36% of Advanced Micro Devices worth $848,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. International Assets Investment Management LLC lifted its stake in Advanced Micro Devices by 15,896.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer's stock valued at $550,935,000 after purchasing an additional 3,714,069 shares during the last quarter. Sylebra Capital LLC purchased a new position in Advanced Micro Devices in the third quarter valued at approximately $227,566,000. Atreides Management LP lifted its stake in Advanced Micro Devices by 114.3% in the third quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor manufacturer's stock valued at $351,925,000 after purchasing an additional 1,825,557 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Advanced Micro Devices in the third quarter valued at approximately $169,199,000. Finally, Jennison Associates LLC lifted its position in shares of Advanced Micro Devices by 5.9% during the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer's stock worth $3,963,307,000 after acquiring an additional 1,490,997 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several recent research reports. Citigroup increased their target price on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a "buy" rating in a research report on Wednesday, January 31st. DZ Bank restated a "hold" rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Mizuho increased their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, March 7th. Cantor Fitzgerald restated an "overweight" rating and set a $190.00 target price on shares of Advanced Micro Devices in a research report on Monday, March 4th. Finally, Truist Financial increased their target price on Advanced Micro Devices from $154.00 to $174.00 and gave the stock a "hold" rating in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $184.68.

Advanced Micro Devices Trading Up 1.8 %

Shares of Advanced Micro Devices stock traded up $2.80 during trading on Monday, reaching $160.20. 43,392,332 shares of the stock were exchanged, compared to its average volume of 72,423,914. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30. The stock's fifty day moving average is $177.46 and its 200 day moving average is $150.85. The firm has a market cap of $258.91 billion, a price-to-earnings ratio of 307.04, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same period last year, the business posted $0.54 earnings per share. Advanced Micro Devices's quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company's stock, valued at $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm's stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company's stock, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 over the last three months. Company insiders own 0.65% of the company's stock.

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.

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