ING Groep NV Purchases 55,212 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

ING Groep NV grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 684,649 shares of the semiconductor manufacturer’s stock after purchasing an additional 55,212 shares during the quarter. ING Groep NV’s holdings in Advanced Micro Devices were worth $82,699,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Geode Capital Management LLC grew its position in Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock worth $5,597,337,000 after acquiring an additional 441,924 shares during the last quarter. Fisher Asset Management LLC grew its position in Advanced Micro Devices by 2.8% during the 3rd quarter. Fisher Asset Management LLC now owns 23,795,236 shares of the semiconductor manufacturer’s stock worth $3,904,323,000 after acquiring an additional 644,039 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Advanced Micro Devices by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock worth $3,195,000,000 after acquiring an additional 1,565,083 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after acquiring an additional 2,238,866 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Up 0.4 %

Advanced Micro Devices stock opened at $114.69 on Thursday. The firm has a market cap of $185.85 billion, a price-to-earnings ratio of 115.85, a PEG ratio of 1.13 and a beta of 1.65. The stock has a fifty day simple moving average of $119.49 and a two-hundred day simple moving average of $138.27. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.73% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the topic of several recent research reports. Piper Sandler reduced their price target on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. KeyCorp reduced their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Barclays dropped their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Wells Fargo & Company dropped their price objective on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $158.70.

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.