Kayne Anderson Rudnick Investment Management LLC Has $316,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kayne Anderson Rudnick Investment Management LLC lessened its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,614 shares of the semiconductor manufacturer’s stock after selling 247 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in Advanced Micro Devices were worth $316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Kelly Lawrence W & Associates Inc. CA boosted its position in shares of Advanced Micro Devices by 0.7% in the fourth quarter. Kelly Lawrence W & Associates Inc. CA now owns 166,090 shares of the semiconductor manufacturer’s stock valued at $20,062,000 after acquiring an additional 1,200 shares during the period. MML Investors Services LLC raised its stake in Advanced Micro Devices by 7.9% in the 4th quarter. MML Investors Services LLC now owns 321,445 shares of the semiconductor manufacturer’s stock worth $38,827,000 after purchasing an additional 23,482 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in Advanced Micro Devices by 1.5% in the 4th quarter. MetLife Investment Management LLC now owns 476,152 shares of the semiconductor manufacturer’s stock valued at $57,514,000 after purchasing an additional 7,057 shares during the period. Norinchukin Bank The grew its position in shares of Advanced Micro Devices by 7.9% during the 4th quarter. Norinchukin Bank The now owns 86,171 shares of the semiconductor manufacturer’s stock worth $10,409,000 after purchasing an additional 6,327 shares in the last quarter. Finally, Ossiam increased its holdings in shares of Advanced Micro Devices by 22.4% during the fourth quarter. Ossiam now owns 1,331,316 shares of the semiconductor manufacturer’s stock worth $160,810,000 after purchasing an additional 243,945 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 0.8 %

AMD opened at $86.26 on Wednesday. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a fifty day moving average of $99.90 and a 200-day moving average of $122.17. The stock has a market cap of $139.42 billion, a PE ratio of 87.13, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Truist Financial set a $130.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Piper Sandler restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price objective for the company. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, Morgan Stanley set a $137.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $142.23.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of the business’s stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.06% of the company’s stock.

About Advanced Micro Devices

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.