Allspring Global Investments Holdings LLC Has $96.73 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Allspring Global Investments Holdings LLC lessened its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 39.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 801,888 shares of the semiconductor manufacturer’s stock after selling 512,420 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Advanced Micro Devices were worth $96,732,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning increased its stake in shares of Advanced Micro Devices by 18.4% in the third quarter. Creative Planning now owns 436,660 shares of the semiconductor manufacturer’s stock valued at $66,674,000 after buying an additional 67,973 shares during the period. Swedbank AB lifted its stake in shares of Advanced Micro Devices by 0.8% in the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after acquiring an additional 17,446 shares during the period. Magnus Financial Group LLC bought a new stake in Advanced Micro Devices in the third quarter valued at approximately $216,000. Prospect Financial Services LLC acquired a new stake in Advanced Micro Devices during the 3rd quarter valued at approximately $234,000. Finally, Regatta Capital Group LLC raised its holdings in Advanced Micro Devices by 4.0% during the 3rd quarter. Regatta Capital Group LLC now owns 20,413 shares of the semiconductor manufacturer’s stock worth $3,349,000 after purchasing an additional 784 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, 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 SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AMD shares. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Melius Research reaffirmed a “hold” rating and set a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Argus raised Advanced Micro Devices to a “strong-buy” rating in a research note on Thursday, February 6th. Finally, TD Cowen cut their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Stock Up 0.6 %

AMD stock opened at $111.72 on Thursday. The firm has a market capitalization of $181.04 billion, a PE ratio of 112.85, a P/E/G ratio of 1.04 and a beta of 1.65. The company has a quick ratio of 1.78, 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 $106.50 and a twelve month high of $227.30. The stock’s 50 day moving average is $122.17 and its 200-day moving average is $139.31.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

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.