Advanced Micro Devices, Inc. (NASDAQ:AMD) is TT International Asset Management LTD’s 10th Largest Position

TT International Asset Management LTD grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1,856.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 156,495 shares of the semiconductor manufacturer’s stock after buying an additional 148,495 shares during the period. Advanced Micro Devices accounts for approximately 2.8% of TT International Asset Management LTD’s holdings, making the stock its 10th biggest holding. TT International Asset Management LTD’s holdings in Advanced Micro Devices were worth $18,903,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Advanced Micro Devices by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock valued at $1,584,515,000 after purchasing an additional 177,700 shares in the last quarter. Swiss National Bank raised its stake in shares of Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock valued at $787,186,000 after purchasing an additional 12,500 shares in the last quarter. Shum Financial Group Inc. acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at about $858,000. State Street Corp raised its stake in shares of Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Advanced Micro Devices by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after purchasing an additional 441,924 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Trading Down 4.8 %

Shares of NASDAQ:AMD opened at $116.04 on Monday. The stock has a 50 day moving average of $132.58 and a 200 day moving average of $146.57. The company has a market cap of $188.31 billion, a PE ratio of 104.54, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $114.45 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on AMD shares. Morgan Stanley dropped their price objective on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Evercore ISI raised their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Mizuho lowered their price objective on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Piper Sandler reiterated an “overweight” rating and set a $180.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.93.

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.