Prudential Financial Inc. Trims Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Prudential Financial Inc. lowered its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 946,073 shares of the semiconductor manufacturer’s stock after selling 174,614 shares during the period. Prudential Financial Inc.’s holdings in Advanced Micro Devices were worth $114,276,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Lynx Investment Advisory raised its holdings in shares of Advanced Micro Devices by 6.5% in the 4th quarter. Lynx Investment Advisory now owns 2,221 shares of the semiconductor manufacturer’s stock valued at $268,000 after acquiring an additional 136 shares in the last quarter. Congress Wealth Management LLC DE lifted its holdings in shares of Advanced Micro Devices by 44.7% during the 4th quarter. Congress Wealth Management LLC DE now owns 19,624 shares of the semiconductor manufacturer’s stock worth $2,370,000 after acquiring an additional 6,060 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in Advanced Micro Devices in the fourth quarter valued at $120,000. Vanguard Group Inc. raised its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after purchasing an additional 1,441,626 shares in the last quarter. Finally, Meridian Wealth Advisors LLC increased its position in shares of Advanced Micro Devices by 8.2% during the 4th quarter. Meridian Wealth Advisors LLC now owns 28,320 shares of the semiconductor manufacturer’s stock valued at $3,421,000 after purchasing an additional 2,157 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $113.85 on Tuesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market cap of $184.49 billion, a price-to-earnings ratio of 115.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The business has a 50-day simple moving average of $110.21 and a two-hundred day simple moving average of $131.60. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $187.28.

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

Analyst Ratings Changes

AMD has been the subject of a number of recent research reports. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Wolfe Research downgraded shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Truist Financial set a $130.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Bank of America reduced their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, DZ Bank cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target on the stock. in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $155.14.

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 stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% 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.