Matauro LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 25.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,480 shares of the semiconductor manufacturer’s stock after purchasing an additional 507 shares during the period. Matauro LLC’s holdings in Advanced Micro Devices were worth $352,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of AMD. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Advanced Micro Devices during the 2nd quarter valued at $958,422,000. Goldman Sachs Group Inc. boosted its holdings in shares of Advanced Micro Devices by 169.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,855,341 shares of the semiconductor manufacturer’s stock valued at $1,012,538,000 after acquiring an additional 6,200,850 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock valued at $1,069,846,000 after acquiring an additional 5,915,185 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at $436,746,000. Finally, Parnassus Investments LLC boosted its holdings in shares of Advanced Micro Devices by 47,883.5% during the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock valued at $425,592,000 after acquiring an additional 4,133,785 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.
Advanced Micro Devices Price Performance
Advanced Micro Devices stock opened at $169.73 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $186.65. The company has a current ratio of 2.49, a quick ratio of 1.81 and a debt-to-equity ratio of 0.05. The business’s 50 day simple moving average is $165.97 and its 200 day simple moving average is $133.01. The company has a market cap of $275.44 billion, a price-to-earnings ratio of 97.55, a PEG ratio of 1.93 and a beta of 1.90.
Insider Buying and Selling
In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the sale, the executive vice president owned 125,505 shares in the company, valued at $21,738,721.05. This represents a 7.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Forrest Eugene Norrod sold 2,250 shares of the stock in a transaction on Wednesday, September 24th. The stock was sold at an average price of $165.01, for a total value of $371,272.50. Following the sale, the executive vice president owned 311,598 shares in the company, valued at approximately $51,416,785.98. This represents a 0.72% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 272,448 shares of company stock worth $44,554,848. Insiders own 0.06% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on AMD shares. Truist Financial raised Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their target price for the stock from $173.00 to $213.00 in a report on Tuesday, August 26th. Susquehanna boosted their price objective on Advanced Micro Devices from $135.00 to $210.00 and gave the company a “positive” rating in a research note on Wednesday, July 30th. Barclays boosted their price objective on Advanced Micro Devices from $130.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. DZ Bank raised Advanced Micro Devices from a “sell” rating to a “hold” rating and set a $165.00 price objective on the stock in a research note on Thursday, August 7th. Finally, Melius raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 price objective on the stock in a research note on Monday, June 23rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $180.88.
Check Out Our Latest Stock Report on Advanced Micro Devices
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.
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