Voya Financial Advisors Inc. Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Voya Financial Advisors Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,111 shares of the semiconductor manufacturer’s stock after purchasing an additional 529 shares during the period. Voya Financial Advisors Inc.’s holdings in Advanced Micro Devices were worth $749,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. AdvisorShares Investments LLC boosted its position in Advanced Micro Devices by 18.0% during the 4th quarter. AdvisorShares Investments LLC now owns 17,656 shares of the semiconductor manufacturer’s stock worth $1,619,000 after purchasing an additional 2,688 shares during the period. IndexIQ Advisors LLC boosted its position in Advanced Micro Devices by 84.5% during the 4th quarter. IndexIQ Advisors LLC now owns 16,031 shares of the semiconductor manufacturer’s stock worth $1,470,000 after purchasing an additional 7,344 shares during the period. Centaurus Financial Inc. lifted its holdings in Advanced Micro Devices by 21.7% in the 4th quarter. Centaurus Financial Inc. now owns 34,999 shares of the semiconductor manufacturer’s stock worth $3,210,000 after buying an additional 6,231 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in Advanced Micro Devices by 4.5% in the 4th quarter. Fisher Asset Management LLC now owns 9,183,704 shares of the semiconductor manufacturer’s stock worth $842,238,000 after buying an additional 398,468 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Advanced Micro Devices by 6.8% in the 4th quarter. California Public Employees Retirement System now owns 2,849,520 shares of the semiconductor manufacturer’s stock worth $261,329,000 after buying an additional 181,874 shares in the last quarter. 67.01% of the stock is owned by hedge funds and other institutional investors.

AMD has been the topic of a number of recent analyst reports. Truist boosted their price objective on shares of Advanced Micro Devices from $96.00 to $101.00 in a report on Wednesday, January 27th. Cowen boosted their price objective on shares of Advanced Micro Devices from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, January 27th. BMO Capital Markets lowered shares of Advanced Micro Devices from a “market perform” rating to an “underperform” rating and cut their price objective for the stock from $80.00 to $75.00 in a report on Thursday, January 14th. Royal Bank of Canada boosted their price objective on shares of Advanced Micro Devices from $100.00 to $105.00 and gave the stock an “outperform” rating in a report on Monday, January 25th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Advanced Micro Devices from $75.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, December 17th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the company. Advanced Micro Devices presently has a consensus rating of “Buy” and a consensus target price of $90.39.

In other news, SVP Forrest Eugene Norrod sold 81,500 shares of the stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $88.80, for a total value of $7,237,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rick Bergman sold 2,000 shares of the stock in a transaction that occurred on Thursday, February 4th. The shares were sold at an average price of $88.29, for a total transaction of $176,580.00. Following the completion of the transaction, the executive vice president now owns 71,891 shares of the company’s stock, valued at $6,347,256.39. The disclosure for this sale can be found here. In the last 90 days, insiders sold 165,000 shares of company stock valued at $14,261,410. 1.20% of the stock is owned by insiders.

NASDAQ AMD opened at $82.20 on Thursday. Advanced Micro Devices, Inc. has a 52 week low of $47.61 and a 52 week high of $99.23. The company has a current ratio of 2.28, a quick ratio of 1.74 and a debt-to-equity ratio of 0.10. The stock has a market cap of $99.84 billion, a price-to-earnings ratio of 111.08, a price-to-earnings-growth ratio of 1.14 and a beta of 2.29. The company has a 50-day moving average price of $81.53 and a two-hundred day moving average price of $85.78.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Monday, January 25th. The semiconductor manufacturer reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. Advanced Micro Devices had a net margin of 10.17% and a return on equity of 33.04%. The firm had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same quarter in the prior year, the firm earned $0.32 EPS. Advanced Micro Devices’s quarterly revenue was up 52.5% on a year-over-year basis. As a group, equities research analysts expect that Advanced Micro Devices, Inc. will post 1.01 earnings per share for the current fiscal year.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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