Franklin Resources Inc. Buys 9,763 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Franklin Resources Inc. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,801,952 shares of the semiconductor manufacturer’s stock after acquiring an additional 9,763 shares during the quarter. Franklin Resources Inc.’s holdings in Advanced Micro Devices were worth $413,036,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Advanced Micro Devices by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock worth $14,400,437,000 after purchasing an additional 1,153,611 shares during the last quarter. Fisher Asset Management LLC raised its stake in Advanced Micro Devices by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock worth $4,181,849,000 after buying an additional 600,638 shares during the last quarter. Jennison Associates LLC lifted its holdings in Advanced Micro Devices by 5.9% in the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after buying an additional 1,490,997 shares during the period. Norges Bank acquired a new position in Advanced Micro Devices in the fourth quarter valued at $3,426,529,000. Finally, Northern Trust Corp grew its holdings in Advanced Micro Devices by 2.5% during the 3rd quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock worth $1,631,021,000 after acquiring an additional 385,636 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $186.73, for a total value of $3,025,026.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, March 15th. The stock was sold at an average price of $186.73, for a total transaction of $3,025,026.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $290,290,831.46. The disclosure for this sale can be found here. Insiders have sold a total of 165,650 shares of company stock valued at $31,761,199 in the last 90 days. Corporate insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of a number of research analyst reports. Truist Financial lowered their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday, May 1st. TD Cowen raised their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Bank of America upped their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, The Goldman Sachs Group upped their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $185.26.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $1.99 during mid-day trading on Tuesday, hitting $164.34. The stock had a trading volume of 25,102,016 shares, compared to its average volume of 68,222,172. The firm has a market cap of $265.62 billion, a P/E ratio of 242.34, a PEG ratio of 2.54 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. The business has a fifty day moving average price of $166.63 and a 200-day moving average price of $156.87.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.62 EPS for the current 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.