Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Prudential PLC

Prudential PLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 215,311 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,740 shares during the period. Prudential PLC’s holdings in Advanced Micro Devices were worth $26,007,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in AMD. Norges Bank purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $2,867,193,000. Van ECK Associates Corp raised its holdings in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after acquiring an additional 2,238,866 shares in the last quarter. State Street Corp boosted its stake in Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after acquiring an additional 1,580,035 shares during the last quarter. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $165,952,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $93.80 on Friday. The stock has a fifty day moving average of $107.62 and a 200-day moving average of $129.56. The company has a market capitalization of $151.61 billion, a PE ratio of 94.75, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a one year low of $90.99 and a one year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMD. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Stifel Nicolaus dropped their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Argus set a $160.00 target price on shares of Advanced Micro Devices in a report on Thursday, February 6th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $152.72.

Advanced Micro Devices 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.