Amundi Pioneer Asset Management Inc. Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)


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Amundi Pioneer Asset Management Inc. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,454,355 shares of the semiconductor manufacturer’s stock after purchasing an additional 686,774 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Advanced Micro Devices were worth $316,797,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at about $5,047,000. Harvest Volatility Management LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $1,481,000. Dimensional Fund Advisors LP boosted its stake in shares of Advanced Micro Devices by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,416,596 shares of the semiconductor manufacturer’s stock valued at $221,632,000 after purchasing an additional 78,938 shares in the last quarter. BNC Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 3.5% during the 4th quarter. BNC Wealth Management LLC now owns 23,489 shares of the semiconductor manufacturer’s stock valued at $2,154,000 after purchasing an additional 795 shares in the last quarter. Finally, Voya Financial Advisors Inc. boosted its stake in shares of Advanced Micro Devices by 7.0% during the 4th quarter. Voya Financial Advisors Inc. now owns 8,111 shares of the semiconductor manufacturer’s stock valued at $749,000 after purchasing an additional 529 shares in the last quarter. Hedge funds and other institutional investors own 67.01% of the company’s stock.

A number of brokerages have recently weighed in on AMD. Wedbush lifted their target price on shares of Advanced Micro Devices from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Tuesday, January 12th. Piper Sandler lifted their target price on shares of Advanced Micro Devices from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, January 13th. Loop Capital boosted their price objective on shares of Advanced Micro Devices from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, January 27th. The Goldman Sachs Group boosted their price objective on shares of Advanced Micro Devices from $96.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, December 14th. Finally, 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 research note on Monday, January 25th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $90.39.

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

AMD opened at $82.20 on Thursday. The company has a quick ratio of 1.74, a current ratio of 2.28 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $81.53 and a 200-day moving average price of $85.78. Advanced Micro Devices, Inc. has a twelve month low of $47.61 and a twelve month high of $99.23. The stock has a market capitalization of $99.84 billion, a price-to-earnings ratio of 111.08, a PEG ratio of 1.14 and a beta of 2.29.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Monday, January 25th. The semiconductor manufacturer reported $0.52 EPS for the quarter, beating the Zacks’ 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 business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $3.03 billion. During the same period in the prior year, the company earned $0.32 earnings per share. The firm’s revenue was up 52.5% on a year-over-year basis. As a group, analysts expect that Advanced Micro Devices, Inc. will post 1.01 earnings per share for the current year.

Advanced Micro Devices 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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