Charles Schwab Investment Management Inc. lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,656,965 shares of the semiconductor manufacturer’s stock after acquiring an additional 177,700 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.60% of Advanced Micro Devices worth $1,584,515,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Banco Santander S.A. lifted its stake in Advanced Micro Devices by 2.3% in the third quarter. Banco Santander S.A. now owns 88,514 shares of the semiconductor manufacturer’s stock valued at $14,523,000 after acquiring an additional 1,988 shares during the last quarter. L & S Advisors Inc lifted its position in Advanced Micro Devices by 331.9% during the 3rd quarter. L & S Advisors Inc now owns 55,055 shares of the semiconductor manufacturer’s stock worth $9,033,000 after acquiring an additional 42,309 shares during the last quarter. Blackhawk Capital Partners LLC. grew its position in shares of Advanced Micro Devices by 139.8% in the third quarter. Blackhawk Capital Partners LLC. now owns 3,305 shares of the semiconductor manufacturer’s stock valued at $542,000 after purchasing an additional 1,927 shares during the last quarter. DE Burlo Group Inc. lifted its position in shares of Advanced Micro Devices by 173.1% during the 3rd quarter. DE Burlo Group Inc. now owns 268,875 shares of the semiconductor manufacturer’s stock worth $44,117,000 after purchasing an additional 170,425 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Advanced Micro Devices by 2.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 395,380 shares of the semiconductor manufacturer’s stock worth $64,874,000 after buying an additional 10,613 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.
Insider Buying and Selling at Advanced Micro Devices
In related news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.
Advanced Micro Devices Trading Down 0.5 %
Shares of NASDAQ:AMD opened at $136.98 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The company’s 50-day moving average price is $154.22 and its two-hundred day moving average price is $154.82. The stock has a market capitalization of $222.29 billion, a PE ratio of 123.96, a price-to-earnings-growth ratio of 1.93 and a beta of 1.71. Advanced Micro Devices, Inc. has a one year low of $116.37 and a one year high of $227.30.
Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the firm earned $0.53 EPS. The business’s quarterly revenue was up 17.6% on a year-over-year basis. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the company. UBS Group lowered their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Edward Jones started coverage on Advanced Micro Devices in a research report on Tuesday, August 20th. They set a “buy” rating for the company. Rosenblatt Securities reissued a “buy” rating and set a $250.00 price objective on shares of Advanced Micro Devices in a report on Monday, October 28th. Robert W. Baird dropped their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Finally, Morgan Stanley decreased their price objective on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $192.79.
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.