First Trust Direct Indexing L.P. Buys 4,102 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

First Trust Direct Indexing L.P. increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,430 shares of the semiconductor manufacturer’s stock after buying an additional 4,102 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Advanced Micro Devices were worth $4,928,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Peoples Bank KS purchased a new stake in Advanced Micro Devices in the third quarter worth $26,000. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices in the third quarter worth $27,000. Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth $30,000. Finally, Addison Advisors LLC increased its stake in Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 62 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 over the last three months. 0.65% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday. TD Cowen raised their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Truist Financial cut their price target on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating on the stock in a research note on Wednesday. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and raised their price target for the company from $180.00 to $225.00 in a research note on Tuesday, April 16th. Finally, Piper Sandler restated an “overweight” rating and set a $175.00 price target (down previously from $195.00) on shares of Advanced Micro Devices in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.62.

Advanced Micro Devices Stock Performance

AMD stock traded down $14.11 during trading on Wednesday, hitting $144.27. 89,047,563 shares of the company traded hands, compared to its average volume of 72,484,023. The company has a market cap of $233.16 billion, a PE ratio of 282.06, a P/E/G ratio of 2.44 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 stock’s 50-day simple moving average is $177.04 and its 200 day simple moving average is $151.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 earnings per share. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

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.