Thornburg Investment Management Inc. Acquires 81,542 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Thornburg Investment Management Inc. grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 54.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 231,972 shares of the semiconductor manufacturer's stock after acquiring an additional 81,542 shares during the quarter. Thornburg Investment Management Inc.'s holdings in Advanced Micro Devices were worth $34,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Choate Investment Advisors boosted its stake in Advanced Micro Devices by 68.0% during the third quarter. Choate Investment Advisors now owns 2,960 shares of the semiconductor manufacturer's stock worth $304,000 after buying an additional 1,198 shares in the last quarter. Congress Wealth Management LLC DE increased its stake in Advanced Micro Devices by 23.4% in the third quarter. Congress Wealth Management LLC DE now owns 10,743 shares of the semiconductor manufacturer's stock valued at $1,105,000 after acquiring an additional 2,034 shares during the period. Fifth Third Bancorp raised its position in Advanced Micro Devices by 19.4% in the third quarter. Fifth Third Bancorp now owns 205,792 shares of the semiconductor manufacturer's stock worth $21,160,000 after purchasing an additional 33,399 shares in the last quarter. Malaga Cove Capital LLC lifted its stake in Advanced Micro Devices by 3.8% during the third quarter. Malaga Cove Capital LLC now owns 27,470 shares of the semiconductor manufacturer's stock worth $2,824,000 after purchasing an additional 1,006 shares during the period. Finally, Precision Wealth Strategies LLC acquired a new stake in Advanced Micro Devices during the third quarter valued at approximately $402,000. Institutional investors own 71.34% of the company's stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the business's stock in a transaction 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 transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a filing with the SEC, which is available 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 on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company's stock, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,850 shares of company stock worth $34,637,833. Insiders own 0.65% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AMD shares. JPMorgan Chase & Co. boosted their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, January 31st. Piper Sandler reiterated an "overweight" rating and issued a $175.00 price objective (down previously from $195.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. TD Cowen increased their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. Morgan Stanley reduced their price target on shares of Advanced Micro Devices from $193.00 to $177.00 and set an "overweight" rating on the stock in a research report on Monday, April 29th. Finally, Wells Fargo & Company raised their price objective on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an "overweight" rating in a research report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $185.26.

Advanced Micro Devices Stock Up 1.7 %

NASDAQ AMD traded up $2.60 during trading hours on Tuesday, reaching $153.16. 31,720,682 shares of the company's stock were exchanged, compared to its average volume of 69,134,906. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company has a market capitalization of $247.55 billion, a price-to-earnings ratio of 224.78, a price-to-earnings-growth ratio of 2.35 and a beta of 1.66. The company's 50-day moving average is $171.16 and its two-hundred day moving average is $154.76. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm's revenue was up 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.43 earnings per share. On average, analysts forecast that Advanced Micro Devices, Inc. will post 2.62 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report).

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.