Charles Schwab Investment Management Inc. Has $1.32 Billion Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Charles Schwab Investment Management Inc. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,923,022 shares of the semiconductor manufacturer’s stock after buying an additional 229,286 shares during the period. Charles Schwab Investment Management Inc. owned about 0.55% of Advanced Micro Devices worth $1,315,343,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Brown Advisory Inc. boosted its position in shares of Advanced Micro Devices by 22.9% in the 3rd quarter. Brown Advisory Inc. now owns 27,490 shares of the semiconductor manufacturer’s stock worth $2,827,000 after purchasing an additional 5,123 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Advanced Micro Devices by 50.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,885 shares of the semiconductor manufacturer’s stock worth $811,000 after purchasing an additional 2,660 shares during the last quarter. BluePath Capital Management LLC bought a new position in shares of Advanced Micro Devices in the 3rd quarter worth $40,000. Mackenzie Financial Corp boosted its position in shares of Advanced Micro Devices by 18.4% in the 3rd quarter. Mackenzie Financial Corp now owns 211,162 shares of the semiconductor manufacturer’s stock worth $21,133,000 after purchasing an additional 32,833 shares during the last quarter. Finally, Brighton Jones LLC boosted its position in shares of Advanced Micro Devices by 7.2% in the 3rd quarter. Brighton Jones LLC now owns 22,349 shares of the semiconductor manufacturer’s stock worth $2,298,000 after purchasing an additional 1,502 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the topic of several recent analyst reports. Mizuho reduced their target price on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Susquehanna cut their price objective on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a research report on Monday, April 29th. UBS Group cut their price target on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. KeyCorp dropped their target price on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Finally, New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $183.94.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $1.33 during mid-day trading on Wednesday, reaching $153.10. The company had a trading volume of 19,306,868 shares, compared to its average volume of 70,662,172. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The firm has a market cap of $247.46 billion, a price-to-earnings ratio of 225.08, a PEG ratio of 2.33 and a beta of 1.66. The company’s 50-day moving average price is $174.53 and its 200-day moving average price is $153.23. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold 181,850 shares of company stock valued at $34,637,833 in the last 90 days. 0.65% of the stock is currently owned by company insiders.

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.