National Pension Service Acquires 52,487 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

National Pension Service raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,648,467 shares of the semiconductor manufacturer’s stock after purchasing an additional 52,487 shares during the quarter. Advanced Micro Devices accounts for approximately 0.5% of National Pension Service’s holdings, making the stock its 28th biggest holding. National Pension Service’s holdings in Advanced Micro Devices were worth $390,411,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. International Assets Investment Management LLC lifted its position in Advanced Micro Devices by 15,896.5% during 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 period. Private Advisor Group LLC increased its stake in Advanced Micro Devices by 104.6% during the fourth quarter. Private Advisor Group LLC now owns 99,165 shares of the semiconductor manufacturer’s stock worth $14,574,000 after acquiring an additional 2,278,076 shares during the last quarter. Sylebra Capital LLC purchased a new stake in Advanced Micro Devices in the third quarter valued at $227,566,000. Atreides Management LP lifted its stake in shares of Advanced Micro Devices by 114.3% in the 3rd 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. Finally, Quadrature Capital Ltd purchased a new position in shares of Advanced Micro Devices during the 3rd quarter worth $169,199,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the transaction, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Lisa T. Su sold 125,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 181,850 shares of company stock valued at $34,637,833. 0.65% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on AMD shares. Piper Sandler restated an “overweight” rating and issued a $175.00 price objective (down from $195.00) on shares of Advanced Micro Devices in a report on Wednesday, May 1st. UBS Group lowered their price target on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. The Goldman Sachs Group boosted their price objective on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Citigroup dropped their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Northland Securities raised shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $183.94.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $0.82 during mid-day trading on Thursday, reaching $152.80. 19,830,183 shares of the company’s stock were exchanged, compared to its average volume of 70,204,273. The business’s fifty day simple moving average is $174.53 and its 200-day simple moving average is $153.23. The stock has a market capitalization of $246.97 billion, a PE ratio of 224.18, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $93.11 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the previous year, the business posted $0.43 earnings per share. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

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.