DAVENPORT & Co LLC Has $72.08 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

DAVENPORT & Co LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 488,632 shares of the semiconductor manufacturer’s stock after buying an additional 6,914 shares during the quarter. DAVENPORT & Co LLC’s holdings in Advanced Micro Devices were worth $72,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Meridian Wealth Management LLC raised its position in Advanced Micro Devices by 135.6% in the third quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock worth $21,135,000 after acquiring an additional 118,090 shares during the period. Gendell Jeffrey L bought a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $3,085,000. Sara Bay Financial bought a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $315,000. Victory Capital Management Inc. raised its position in shares of Advanced Micro Devices by 6.3% in the third quarter. Victory Capital Management Inc. now owns 1,460,506 shares of the semiconductor manufacturer’s stock valued at $150,169,000 after purchasing an additional 86,571 shares during the period. Finally, UG Investment Advisers Ltd. bought a new stake in shares of Advanced Micro Devices in the third quarter valued at approximately $13,217,000. 71.34% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 324,943 shares of company stock valued at $59,919,994. Company insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on AMD. Wedbush reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, January 31st. Susquehanna boosted their price target on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a “positive” rating in a research note on Monday, January 29th. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their price target for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Barclays boosted their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Finally, Truist Financial boosted their price target on shares of Advanced Micro Devices from $154.00 to $174.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

View Our Latest Research Report on AMD

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded down $4.64 during midday trading on Tuesday, hitting $178.70. The company had a trading volume of 61,539,094 shares, compared to its average volume of 77,654,859. 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 company has a market cap of $288.80 billion, a price-to-earnings ratio of 343.66, a PEG ratio of 2.71 and a beta of 1.64. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The company has a fifty day moving average of $181.80 and a two-hundred day moving average of $142.80.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.54 EPS. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Advanced Micro Devices Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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