Citizens Financial Group Inc. RI Purchases 372 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Citizens Financial Group Inc. RI increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.4% in the 4th quarter, HoldingsChannel reports. The fund owned 4,781 shares of the semiconductor manufacturer’s stock after acquiring an additional 372 shares during the period. Citizens Financial Group Inc. RI’s holdings in Advanced Micro Devices were worth $705,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AMD. Ropes Wealth Advisors LLC raised its stake in shares of Advanced Micro Devices by 10.3% during the 3rd quarter. Ropes Wealth Advisors LLC now owns 4,199 shares of the semiconductor manufacturer’s stock worth $432,000 after acquiring an additional 391 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its position in Advanced Micro Devices by 18.6% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 30,849 shares of the semiconductor manufacturer’s stock worth $3,172,000 after purchasing an additional 4,846 shares during the last quarter. Country Club Bank GFN purchased a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $1,521,000. Valeo Financial Advisors LLC grew its position in Advanced Micro Devices by 11.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 12,380 shares of the semiconductor manufacturer’s stock worth $1,273,000 after purchasing an additional 1,287 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in Advanced Micro Devices by 35.6% during the 3rd quarter. Linden Thomas Advisory Services LLC now owns 14,013 shares of the semiconductor manufacturer’s stock worth $1,441,000 after purchasing an additional 3,676 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on AMD shares. UBS Group boosted their target price on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Truist Financial boosted their target price on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $190.00 target price on shares of Advanced Micro Devices in a research report on Monday, March 4th. Wells Fargo & Company upped their price objective on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Mizuho upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $157.40 on Friday. 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 fifty day moving average of $177.46 and a two-hundred day moving average of $150.55. The stock has a market capitalization of $254.38 billion, a PE ratio of 302.70, a P/E/G ratio of 2.39 and a beta of 1.64. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.77. The company had revenue of $6.17 billion during 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 for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, research analysts forecast 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, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, 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 value of $2,876,634.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $276,050,677.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,143 shares of company stock worth $62,580,844. Company insiders own 0.73% 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.