New Age Alpha Advisors LLC Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

New Age Alpha Advisors LLC lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 28,899 shares of the semiconductor manufacturer’s stock after purchasing an additional 159 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Advanced Micro Devices were worth $3,491,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AMD. Vanguard Group Inc. grew 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 valued at $18,143,884,000 after purchasing an additional 1,441,626 shares in the last quarter. State Street Corp boosted its stake 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. Geode Capital Management LLC grew its position in 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 worth $5,597,337,000 after buying an additional 441,924 shares in the last quarter. Fisher Asset Management LLC increased 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 worth $2,909,350,000 after acquiring an additional 290,784 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $2,867,193,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 3.2 %

Shares of NASDAQ AMD opened at $103.22 on Friday. The firm has a fifty day simple moving average of $109.39 and a two-hundred day simple moving average of $130.90. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $167.27 billion, a PE ratio of 104.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AMD shares. TD Cowen cut their price target 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. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Mizuho dropped their price target on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Friday, March 14th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Finally, Susquehanna decreased their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $152.72.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.73% of the stock is currently owned by company insiders.

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.