Oxford Asset Management LLP Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Oxford Asset Management LLP bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 5,458 shares of the semiconductor manufacturer's stock, valued at approximately $659,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Boothbay Fund Management LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $601,000. Virtus ETF Advisers LLC boosted its holdings in Advanced Micro Devices by 13.7% during the 4th quarter. Virtus ETF Advisers LLC now owns 7,192 shares of the semiconductor manufacturer's stock worth $869,000 after acquiring an additional 867 shares during the last quarter. Two Sigma Securities LLC grew its stake in shares of Advanced Micro Devices by 112.7% in the 4th quarter. Two Sigma Securities LLC now owns 4,536 shares of the semiconductor manufacturer's stock worth $548,000 after acquiring an additional 40,324 shares in the last quarter. Kovitz Investment Group Partners LLC raised its holdings in shares of Advanced Micro Devices by 2,265.5% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer's stock valued at $364,459,000 after purchasing an additional 2,889,739 shares during the last quarter. Finally, Stonebridge Capital Advisors LLC boosted its holdings in Advanced Micro Devices by 4.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 65,883 shares of the semiconductor manufacturer's stock worth $7,958,000 after purchasing an additional 2,535 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their target price for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. TD Cowen cut their price objective on Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Truist Financial set a $130.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Mizuho cut their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating on the stock in a report on Friday, March 14th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $139.57.

Advanced Micro Devices Stock Down 0.7 %

Shares of AMD traded down $0.65 on Wednesday, reaching $95.41. The stock had a trading volume of 13,939,592 shares, compared to its average volume of 42,561,791. The firm has a market capitalization of $154.21 billion, a price-to-earnings ratio of 96.37, 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 200-day simple moving average of $119.58. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.06% of the company's stock.

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.