Vestor Capital LLC Has $6.26 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vestor Capital LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 8,921.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 57,288 shares of the semiconductor manufacturer’s stock after buying an additional 56,653 shares during the period. Vestor Capital LLC’s holdings in Advanced Micro Devices were worth $6,264,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BlackRock Inc. increased its stake in Advanced Micro Devices by 3.8% in the fourth quarter. BlackRock Inc. now owns 88,837,161 shares of the semiconductor manufacturer’s stock valued at $12,783,668,000 after acquiring an additional 3,277,446 shares during the period. State Street Corp increased its stake in Advanced Micro Devices by 5.5% in the fourth quarter. State Street Corp now owns 47,680,903 shares of the semiconductor manufacturer’s stock valued at $6,861,282,000 after acquiring an additional 2,487,113 shares during the period. Fisher Asset Management LLC increased its stake in Advanced Micro Devices by 22.2% in the first quarter. Fisher Asset Management LLC now owns 24,387,801 shares of the semiconductor manufacturer’s stock valued at $2,666,562,000 after acquiring an additional 4,431,251 shares during the period. Geode Capital Management LLC increased its stake in Advanced Micro Devices by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 19,885,441 shares of the semiconductor manufacturer’s stock valued at $2,853,395,000 after acquiring an additional 593,949 shares during the period. Finally, Norges Bank bought a new stake in Advanced Micro Devices in the fourth quarter valued at about $1,423,132,000. Institutional investors and hedge funds own 69.61% of the company’s stock.

Advanced Micro Devices Trading Down 1.5 %

AMD traded down $1.60 during mid-day trading on Friday, hitting $102.31. The stock had a trading volume of 93,859,876 shares, compared to its average volume of 87,556,992. The stock’s fifty day simple moving average is $88.51 and its 200-day simple moving average is $100.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.44 and a quick ratio of 1.96. The firm has a market capitalization of $165.16 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.96. Advanced Micro Devices, Inc. has a 1-year low of $71.60 and a 1-year high of $164.46.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.02. Advanced Micro Devices had a net margin of 14.51% and a return on equity of 15.17%. During the same quarter in the prior year, the business earned $0.58 earnings per share. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 3.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of Advanced Micro Devices from $144.00 to $111.00 and set a “hold” rating on the stock in a research note on Friday, April 8th. UBS Group upped their price objective on shares of Advanced Micro Devices from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $165.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, June 8th. Susquehanna Bancshares decreased their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set a “positive” rating on the stock in a research note on Wednesday, July 13th. Finally, Cowen decreased their price objective on shares of Advanced Micro Devices from $160.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $125.93.

Insider Activity at Advanced Micro Devices

In related news, CFO Devinder Kumar sold 20,000 shares of the firm’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $102.44, for a total value of $2,048,800.00. Following the completion of the transaction, the chief financial officer now owns 504,370 shares of the company’s stock, valued at $51,667,662.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Devinder Kumar sold 20,000 shares of Advanced Micro Devices stock in a transaction dated Tuesday, May 31st. The shares were sold at an average price of $102.44, for a total value of $2,048,800.00. Following the completion of the transaction, the chief financial officer now owns 504,370 shares of the company’s stock, valued at approximately $51,667,662.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Paul Darren Grasby sold 32,694 shares of Advanced Micro Devices stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the completion of the transaction, the executive vice president now directly owns 37,800 shares of the company’s stock, valued at approximately $2,910,222. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 81,660 shares of company stock valued at $7,462,511. Corporate insiders own 1.00% of the company’s stock.

Advanced Micro Devices Profile

(Get Rating)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

Further Reading

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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