Northern Trust Corp Acquires 2,874,012 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Northern Trust Corp raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,155,522 shares of the semiconductor manufacturer's stock after purchasing an additional 2,874,012 shares during the period. Northern Trust Corp owned 1.06% of Advanced Micro Devices worth $2,072,215,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMD. Vanguard Group Inc. increased its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares during the period. Geode Capital Management LLC raised its position in shares of 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 valued at $4,224,840,000 after buying an additional 835,413 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Advanced Micro Devices by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock valued at $2,909,350,000 after buying an additional 290,784 shares during the period. Norges Bank bought a new position in Advanced Micro Devices during the fourth quarter valued at about $2,867,193,000. Finally, Van ECK Associates Corp raised its holdings in Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after acquiring an additional 2,238,866 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on AMD shares. Barclays cut their target price on Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. 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 report on Thursday, April 17th. Benchmark reissued a "buy" rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Piper Sandler reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Summit Insights raised Advanced Micro Devices to a "hold" rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $139.57.

Insider Activity at Advanced Micro Devices

In related news, 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 completion of the transaction, the executive vice president now directly owns 1,713,710 shares of the company's stock, 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 the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the company's stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Up 1.3 %

Shares of AMD traded up $1.29 during midday trading on Wednesday, hitting $97.35. The stock had a trading volume of 29,527,325 shares, compared to its average volume of 42,550,294. The firm has a market cap of $157.35 billion, a price-to-earnings ratio of 98.33, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a 50 day simple moving average of $97.99 and a two-hundred day simple moving average of $119.58. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. 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 (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting 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, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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.