Advanced Micro Devices, Inc. $AMD Shares Acquired by ABN AMRO Bank N.V.

ABN AMRO Bank N.V. lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 26.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,258 shares of the semiconductor manufacturer’s stock after buying an additional 3,417 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Advanced Micro Devices were worth $3,472,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Income Insurance Ltd acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $1,064,000. Ballast Rock Private Wealth LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $235,000. Bryn Mawr Trust Advisors LLC grew its position in Advanced Micro Devices by 1.7% in the 4th quarter. Bryn Mawr Trust Advisors LLC now owns 8,762 shares of the semiconductor manufacturer’s stock valued at $1,876,000 after buying an additional 149 shares in the last quarter. Greenwood Gearhart Inc. bought a new position in Advanced Micro Devices in the 4th quarter valued at about $214,000. Finally, Dogwood Wealth Management LLC increased its stake in Advanced Micro Devices by 24.4% during the 4th quarter. Dogwood Wealth Management LLC now owns 275 shares of the semiconductor manufacturer’s stock valued at $59,000 after buying an additional 54 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Price Performance

AMD stock opened at $458.79 on Tuesday. Advanced Micro Devices, Inc. has a one year low of $106.98 and a one year high of $469.22. The firm has a 50-day moving average of $253.97 and a two-hundred day moving average of $234.82. The firm has a market capitalization of $748.10 billion, a PE ratio of 150.42, a P/E/G ratio of 1.40 and a beta of 2.40. The company has a current ratio of 2.72, a quick ratio of 1.96 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $9.90 billion. During the same period last year, the firm posted $0.96 earnings per share. The firm’s quarterly revenue was up 37.8% compared to the same quarter last year. On average, analysts forecast that Advanced Micro Devices, Inc. will post 5.99 earnings per share for the current year.

Insider Activity

In other news, EVP Paul Darren Grasby sold 7,500 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $204.87, for a total value of $1,536,525.00. Following the completion of the sale, the executive vice president owned 129,598 shares of the company’s stock, valued at $26,550,742.26. This trade represents a 5.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $214.36, for a total value of $26,795,000.00. Following the transaction, the chief executive officer owned 3,152,476 shares in the company, valued at $675,764,755.36. This represents a 3.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 304,672 shares of company stock valued at $70,135,070. 0.50% of the stock is currently owned by company insiders.

Advanced Micro Devices News Summary

Here are the key news stories impacting Advanced Micro Devices this week:

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMD. Zacks Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 5th. Morgan Stanley raised their price objective on shares of Advanced Micro Devices from $360.00 to $410.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 6th. Stifel Nicolaus boosted their target price on Advanced Micro Devices from $320.00 to $450.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. BTIG Research upgraded Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $260.00 price target on shares of Advanced Micro Devices in a research note on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $388.84.

Read Our Latest Stock Analysis on Advanced Micro Devices

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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

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