Saturna Capital Corp Sells 8,845 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Saturna Capital Corp reduced its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,207,025 shares of the semiconductor manufacturer’s stock after selling 8,845 shares during the quarter. Advanced Micro Devices comprises 2.0% of Saturna Capital Corp’s investment portfolio, making the stock its 18th largest position. Saturna Capital Corp owned approximately 0.07% of Advanced Micro Devices worth $145,797,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. 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 worth $1,584,515,000 after acquiring an additional 177,700 shares during the period. Swiss National Bank grew its stake in Advanced Micro Devices by 0.3% in the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock worth $787,186,000 after purchasing an additional 12,500 shares during the period. Shum Financial Group Inc. bought a new position in Advanced Micro Devices in the third quarter worth $858,000. State Street Corp lifted its position in Advanced Micro Devices by 2.3% during 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 during the period. Finally, Geode Capital Management LLC boosted its holdings 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 valued at $5,597,337,000 after buying an additional 441,924 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 0.1 %

Advanced Micro Devices stock opened at $96.76 on Wednesday. The stock has a market cap of $156.80 billion, a PE ratio of 97.74, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a fifty day moving average of $113.39 and a 200 day moving average of $134.17. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $202.85.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting 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, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Argus set a $160.00 target price on shares of Advanced Micro Devices in a report on Thursday, February 6th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Morgan Stanley set a $137.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Barclays dropped their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $155.83.

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.