Ethic Inc. Has $8.71 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ethic Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,080 shares of the semiconductor manufacturer’s stock after acquiring an additional 15,635 shares during the period. Ethic Inc.’s holdings in Advanced Micro Devices were worth $8,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AMD. Vanguard Group Inc. boosted its holdings in shares of Advanced Micro Devices by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Advanced Micro Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock worth $4,224,840,000 after buying an additional 835,413 shares during the last quarter. Fisher Asset Management LLC boosted its stake in Advanced Micro Devices by 1.2% in the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock valued at $2,909,350,000 after buying an additional 290,784 shares in the last quarter. Norges Bank bought a new position in Advanced Micro Devices in the fourth quarter valued at about $2,867,193,000. Finally, Northern Trust Corp raised its stake in Advanced Micro Devices by 20.1% during the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock worth $2,072,215,000 after acquiring an additional 2,874,012 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus set a $132.00 price target on shares of Advanced Micro Devices in a research note on Monday, April 28th. TD Cowen boosted their target price on shares of Advanced Micro Devices from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group dropped their price target on Advanced Micro Devices from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Wednesday. Rosenblatt Securities reissued a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday. Finally, Benchmark reaffirmed a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.13.

Advanced Micro Devices Stock Up 1.1 %

Shares of NASDAQ AMD opened at $102.84 on Friday. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market cap of $166.22 billion, a PE ratio of 103.88, a P/E/G ratio of 1.11 and a beta of 1.97. The company’s fifty day simple moving average is $97.41 and its 200 day simple moving average is $116.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.10 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The business’s revenue was up 35.9% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.