Fidelis Capital Partners LLC Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fidelis Capital Partners LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 65.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,365 shares of the semiconductor manufacturer’s stock after buying an additional 2,123 shares during the period. Fidelis Capital Partners LLC’s holdings in Advanced Micro Devices were worth $791,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of 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 valued at $14,400,437,000 after purchasing an additional 1,153,611 shares during the period. State Street Corp increased its stake in Advanced Micro Devices by 1.7% in the 1st quarter. State Street Corp now owns 65,045,249 shares of the semiconductor manufacturer’s stock worth $6,375,083,000 after acquiring an additional 1,112,077 shares during the last quarter. Norges Bank bought a new position in Advanced Micro Devices in the 4th quarter worth about $1,252,070,000. Northern Trust Corp increased its stake in Advanced Micro Devices by 35.5% in the 1st quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock worth $1,868,258,000 after acquiring an additional 4,475,368 shares during the last quarter. Finally, Barclays PLC increased its position in shares of Advanced Micro Devices by 38.5% during the 2nd quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer’s stock valued at $1,015,677,000 after purchasing an additional 2,479,272 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the transaction, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares in the company, valued at $457,151.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 341,143 shares of company stock worth $62,580,844. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded down $4.32 on Friday, reaching $150.76. The stock had a trading volume of 19,399,338 shares, compared to its average volume of 73,903,023. The stock has a market cap of $243.65 billion, a P/E ratio of 298.24, a price-to-earnings-growth ratio of 2.35 and a beta of 1.64. Advanced Micro Devices, Inc. has a 1 year low of $81.02 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The company has a 50 day simple moving average of $180.16 and a 200 day simple moving average of $148.28.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AMD. The Goldman Sachs Group increased their price objective on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Truist Financial increased their target price on Advanced Micro Devices from $154.00 to $174.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Morgan Stanley increased their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a report on Monday, January 8th. Finally, Evercore ISI assumed coverage on Advanced Micro Devices in a report on Tuesday. They issued an “outperform” rating and a $200.00 price objective for the company. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $185.59.

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.