abrdn plc Purchases 318,264 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

abrdn plc boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 37.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,160,319 shares of the semiconductor manufacturer’s stock after acquiring an additional 318,264 shares during the period. abrdn plc owned 0.07% of Advanced Micro Devices worth $171,043,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Washburn Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $231,000. Independence Bank of Kentucky raised its position in shares of Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after buying an additional 1,677 shares during the last quarter. Meridian Wealth Management LLC raised its position in shares of Advanced Micro Devices by 135.6% during the third quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock valued at $21,135,000 after buying an additional 118,090 shares during the last quarter. Gendell Jeffrey L bought a new stake in shares of Advanced Micro Devices during the third quarter valued at approximately $3,085,000. Finally, Sara Bay Financial bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $315,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 5.4 %

Advanced Micro Devices stock traded down $8.44 during trading hours on Friday, reaching $146.64. The stock had a trading volume of 71,618,197 shares, compared to its average volume of 57,647,340. The company has a market cap of $236.99 billion, a price-to-earnings ratio of 282.01, a PEG ratio of 2.36 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The business’s 50 day moving average price is $179.64 and its 200-day moving average price is $148.58. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Bank of America raised their target price 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. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday, February 29th. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their target price for the company from $180.00 to $225.00 in a report on Tuesday. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Finally, The Goldman Sachs Group raised their target price on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Company 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.