Symphony Financial Ltd. Co. Raises Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Symphony Financial Ltd. Co. raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,800 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,000 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Advanced Micro Devices were worth $351,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Sylebra Capital Ltd purchased a new position in shares of Advanced Micro Devices in the third quarter worth $114,322,000. Point72 Asset Management L.P. purchased a new position in shares of Advanced Micro Devices in the third quarter worth $108,613,000. Two Sigma Advisers LP lifted its holdings in shares of Advanced Micro Devices by 193.3% in the second quarter. Two Sigma Advisers LP now owns 1,953,568 shares of the semiconductor manufacturer’s stock worth $102,777,000 after buying an additional 1,287,400 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Advanced Micro Devices by 61.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 3,255,650 shares of the semiconductor manufacturer’s stock worth $266,929,000 after buying an additional 1,233,991 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its holdings in shares of Advanced Micro Devices by 23.5% in the third quarter. UBS Asset Management Americas Inc. now owns 5,841,883 shares of the semiconductor manufacturer’s stock worth $478,976,000 after buying an additional 1,112,059 shares in the last quarter. 67.01% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Advanced Micro Devices from $75.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, December 17th. Mizuho boosted their target price on shares of Advanced Micro Devices from $93.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, December 28th. Cleveland Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating in a research note on Monday, November 16th. Piper Sandler upped their price target 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. Finally, The Goldman Sachs Group upped their price target on shares of Advanced Micro Devices from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, December 14th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $81.55.

In other Advanced Micro Devices news, CAO Darla M. Smith sold 2,106 shares of the stock in a transaction dated Friday, December 4th. The shares were sold at an average price of $92.76, for a total transaction of $195,352.56. Following the transaction, the chief accounting officer now directly owns 12,177 shares in the company, valued at approximately $1,129,538.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 150,000 shares of the stock in a transaction dated Tuesday, December 8th. The stock was sold at an average price of $92.89, for a total transaction of $13,933,500.00. Following the transaction, the chief executive officer now owns 2,776,039 shares in the company, valued at $257,866,262.71. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,106 shares of company stock worth $17,820,093. Company insiders own 1.20% of the company’s stock.

NASDAQ AMD opened at $91.78 on Thursday. The company’s 50-day moving average price is $92.72 and its 200-day moving average price is $80.58. The company has a current ratio of 2.28, a quick ratio of 1.74 and a debt-to-equity ratio of 0.10. The stock has a market cap of $110.38 billion, a PE ratio of 124.03, a PEG ratio of 1.20 and a beta of 2.29. Advanced Micro Devices, Inc. has a 12 month low of $36.75 and a 12 month high of $99.23.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 27th. The semiconductor manufacturer reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.10. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.56 billion. Advanced Micro Devices had a net margin of 10.17% and a return on equity of 33.04%. The business’s revenue for the quarter was up 55.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.18 earnings per share. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 1.01 earnings per share for the current year.

Advanced Micro Devices Company 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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