Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 155.4% during the second quarter, HoldingsChannel reports. The firm owned 52,105 shares of the semiconductor manufacturer’s stock after purchasing an additional 31,701 shares during the quarter. Advanced Micro Devices comprises about 0.9% of Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings, making the stock its 25th largest holding. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in Advanced Micro Devices were worth $7,394,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Farmers & Merchants Trust Co of Chambersburg PA grew its stake in shares of Advanced Micro Devices by 277.8% during the first quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 272 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. American Capital Advisory LLC lifted its stake in shares of Advanced Micro Devices by 90.3% in the first quarter. American Capital Advisory LLC now owns 274 shares of the semiconductor manufacturer’s stock worth $28,000 after acquiring an additional 130 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in Advanced Micro Devices by 2,311.1% in the second quarter. Dogwood Wealth Management LLC now owns 217 shares of the semiconductor manufacturer’s stock valued at $30,000 after purchasing an additional 208 shares during the last quarter. West Branch Capital LLC boosted its holdings in Advanced Micro Devices by 3,057.1% in the second quarter. West Branch Capital LLC now owns 221 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 214 shares during the last quarter. Finally, Bear Mountain Capital Inc. grew its stake in Advanced Micro Devices by 75.0% during the 1st quarter. Bear Mountain Capital Inc. now owns 350 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 150 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices Stock Performance
Shares of AMD stock opened at $214.76 on Friday. The company has a market cap of $348.51 billion, a P/E ratio of 123.42, a PEG ratio of 2.53 and a beta of 1.90. The business has a 50 day moving average of $170.33 and a two-hundred day moving average of $137.41. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $240.10. The company has a quick ratio of 1.81, a current ratio of 2.49 and a debt-to-equity ratio of 0.05.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Benchmark increased their target price on Advanced Micro Devices from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, October 6th. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a report on Monday, June 23rd. Jefferies Financial Group set a $300.00 target price on shares of Advanced Micro Devices and gave the company a “positive” rating in a research note on Monday, October 6th. Wedbush reiterated a “cautious” rating on shares of Advanced Micro Devices in a research note on Saturday, August 9th. Finally, Seaport Res Ptn lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.25.
Check Out Our Latest Research Report on Advanced Micro Devices
Insider Activity at Advanced Micro Devices
In related news, CEO Lisa T. Su sold 225,000 shares of Advanced Micro Devices stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $163.97, for a total value of $36,893,250.00. Following the sale, the chief executive officer directly owned 3,359,748 shares in the company, valued at $550,897,879.56. This trade represents a 6.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $173.21, for a total transaction of $1,732,100.00. Following the completion of the transaction, the executive vice president owned 125,505 shares of the company’s stock, valued at approximately $21,738,721.05. This trade represents a 7.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 275,316 shares of company stock valued at $45,203,045. Company insiders own 0.06% of the company’s stock.
Advanced Micro Devices Company 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.
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