Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Everence Capital Management Inc.

Everence Capital Management Inc. grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 42,406 shares of the semiconductor manufacturer’s stock after buying an additional 8,690 shares during the period. Everence Capital Management Inc.’s holdings in Advanced Micro Devices were worth $6,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank bought a new position in shares of Advanced Micro Devices during the fourth quarter worth about $1,252,070,000. Moneta Group Investment Advisors LLC raised its position in shares of Advanced Micro Devices by 105,415.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock worth $552,275,000 after purchasing an additional 8,518,629 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter worth approximately $777,111,000. Northern Trust Corp raised its position in shares of Advanced Micro Devices by 35.5% during the 1st quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock worth $1,868,258,000 after purchasing an additional 4,475,368 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Advanced Micro Devices by 15,896.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock worth $550,935,000 after purchasing an additional 3,714,069 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AMD has been the topic of a number of research reports. TD Cowen increased their price target on Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Raymond James lowered Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a report on Wednesday, January 24th. Finally, Morgan Stanley increased their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $185.15.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Insiders have sold a total of 324,943 shares of company stock worth $59,919,994 over the last three months. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Up 2.0 %

Shares of NASDAQ:AMD traded up $3.14 during midday trading on Tuesday, hitting $163.46. 55,042,596 shares of the stock were exchanged, compared to its average volume of 74,959,172. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The business’s fifty day simple moving average is $180.87 and its two-hundred day simple moving average is $147.77. The company has a market capitalization of $264.17 billion, a PE ratio of 313.95, a P/E/G ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same period last year, the company earned $0.54 earnings per share. Advanced Micro Devices’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.63 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.