StoneX Group Inc. Increases Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

StoneX Group Inc. increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,225 shares of the semiconductor manufacturer’s stock after purchasing an additional 4,119 shares during the quarter. StoneX Group Inc.’s holdings in Advanced Micro Devices were worth $1,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 1,441,626 shares in the last quarter. State Street Corp increased its position in shares of Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after buying an additional 1,580,035 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after buying an additional 441,924 shares during the last quarter. Fisher Asset Management LLC grew its stake in Advanced Micro Devices by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock valued at $2,909,350,000 after acquiring an additional 290,784 shares during the last quarter. Finally, Norges Bank purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $2,867,193,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Philip Guido acquired 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 purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $102.78 on Wednesday. The company’s fifty day moving average price is $108.62 and its two-hundred day moving average price is $130.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market capitalization of $166.55 billion, a P/E ratio of 103.82, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $187.28.

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 analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent research reports. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Loop Capital started coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target for the company. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. UBS Group set a $175.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, TD Cowen cut their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.