Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Decreased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 25.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,114,622 shares of the semiconductor manufacturer’s stock after selling 382,754 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Advanced Micro Devices were worth $135,346,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AMD. Charles Schwab Investment Management Inc. grew its holdings in shares of Advanced Micro Devices by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock valued at $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. Shum Financial Group Inc. acquired a new position in Advanced Micro Devices during the 3rd quarter worth $858,000. State Street Corp increased its position in Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after buying an additional 1,580,035 shares during the period. Geode Capital Management LLC raised its position in shares of Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after buying an additional 441,924 shares during the last quarter. Finally, Enzi Wealth acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at $569,000. 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, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction 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 approximately $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 3.6 %

Advanced Micro Devices stock opened at $104.59 on Tuesday. The stock has a market cap of $169.49 billion, a P/E ratio of 105.65, a P/E/G ratio of 1.11 and a beta of 1.74. The company’s 50-day moving average price is $111.55 and its two-hundred day moving average price is $132.85. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a twelve month low of $94.73 and a twelve month high of $193.50.

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

Analysts Set New Price Targets

A number of research firms have weighed in on AMD. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. Truist Financial set a $130.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. KeyCorp lowered their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Finally, Bank of America cut their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.14.

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.