E Fund Management Co. Ltd. Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

E Fund Management Co. Ltd. grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,456 shares of the semiconductor manufacturer’s stock after purchasing an additional 19,532 shares during the period. E Fund Management Co. Ltd.’s holdings in Advanced Micro Devices were worth $8,027,000 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. Swedbank AB grew its position in Advanced Micro Devices by 0.8% in the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after acquiring an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC lifted its stake in Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after purchasing an additional 324 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in Advanced Micro Devices by 3.9% in the third quarter. Crestwood Advisors Group LLC now owns 5,388 shares of the semiconductor manufacturer’s stock worth $884,000 after purchasing an additional 201 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its stake in Advanced Micro Devices by 2.4% in the third quarter. Avidian Wealth Enterprises LLC now owns 6,058 shares of the semiconductor manufacturer’s stock worth $994,000 after purchasing an additional 141 shares during the last quarter. Finally, Beacon Financial Advisory LLC lifted its stake in Advanced Micro Devices by 6.2% in the third quarter. Beacon Financial Advisory LLC now owns 1,769 shares of the semiconductor manufacturer’s stock worth $290,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on AMD. Susquehanna decreased their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Truist Financial set a $130.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, TD Cowen reduced their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Price Performance

NASDAQ:AMD opened at $101.67 on Thursday. Advanced Micro Devices, Inc. has a one year low of $95.89 and a one year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market cap of $164.75 billion, a price-to-earnings ratio of 102.70, a PEG ratio of 1.11 and a beta of 1.65. The firm’s fifty day moving average is $115.41 and its two-hundred day moving average is $135.92.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.