Federated Hermes Inc. Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Federated Hermes Inc. lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 892,352 shares of the semiconductor manufacturer’s stock after purchasing an additional 126,988 shares during the quarter. Federated Hermes Inc. owned about 0.06% of Advanced Micro Devices worth $131,542,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AMD. Vanguard Group Inc. lifted its position in shares of Advanced Micro Devices by 0.8% during the third quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock worth $14,400,437,000 after purchasing an additional 1,153,611 shares in the last quarter. State Street Corp lifted its position in shares of Advanced Micro Devices by 1.7% during the first quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock worth $6,375,083,000 after purchasing an additional 1,112,077 shares in the last quarter. Norges Bank acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $1,252,070,000. Northern Trust Corp lifted its position in shares of Advanced Micro Devices by 35.5% during the first 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 in the last quarter. Finally, Barclays PLC lifted its position in shares of Advanced Micro Devices by 38.5% during the second quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer’s stock worth $1,015,677,000 after purchasing an additional 2,479,272 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the topic of several research reports. Citigroup increased their price target on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Evercore ISI began coverage on shares of Advanced Micro Devices in a research note on Tuesday. They set an “outperform” rating and a $200.00 target price on the stock. Raymond James lowered shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their target price for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Finally, Morgan Stanley upped their target price on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Insider Transactions at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock valued at $62,580,844 in the last 90 days. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock traded up $2.29 during midday trading on Thursday, reaching $156.31. The company’s stock had a trading volume of 28,671,986 shares, compared to its average volume of 74,345,648. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock’s 50 day simple moving average is $180.44 and its 200 day simple moving average is $148.23. The firm has a market capitalization of $252.62 billion, a PE ratio of 299.77, a P/E/G ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter 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. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current 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.