North Star Investment Management Corp. Has $3.60 Million Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

North Star Investment Management Corp. decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,600 shares of the semiconductor manufacturer’s stock after selling 440 shares during the period. North Star Investment Management Corp.’s holdings in Advanced Micro Devices were worth $3,601,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AMD. Renaissance Technologies LLC acquired a new position in Advanced Micro Devices during the 1st quarter worth $777,111,000. Public Investment Fund acquired a new position in shares of Advanced Micro Devices during the second quarter valued at about $359,567,000. Northern Trust Corp raised its position in shares of Advanced Micro Devices by 35.5% during the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after buying an additional 4,475,368 shares during the last quarter. Barclays PLC raised its position in shares of Advanced Micro Devices by 68.5% during the third quarter. Barclays PLC now owns 8,593,202 shares of the semiconductor manufacturer’s stock valued at $544,468,000 after buying an additional 3,494,276 shares during the last quarter. Finally, FMR LLC raised its position in shares of Advanced Micro Devices by 7.3% during the second quarter. FMR LLC now owns 49,140,967 shares of the semiconductor manufacturer’s stock valued at $3,757,811,000 after buying an additional 3,358,202 shares during the last quarter. Institutional investors and hedge funds own 67.17% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $97.84 on Friday. Advanced Micro Devices, Inc. has a one year low of $54.57 and a one year high of $125.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.36 and a quick ratio of 1.77. The company’s 50 day simple moving average is $79.37 and its 200-day simple moving average is $72.22. The stock has a market capitalization of $157.66 billion, a P/E ratio of 111.18, a price-to-earnings-growth ratio of 5.86 and a beta of 1.95.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating the consensus estimate of $0.67 by $0.02. Advanced Micro Devices had a net margin of 5.59% and a return on equity of 8.52%. The business had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.52 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. Advanced Micro Devices’s revenue was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research analyst reports. KeyCorp upped their price objective on shares of Advanced Micro Devices from $80.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, February 1st. Truist Financial upped their price objective on shares of Advanced Micro Devices from $70.00 to $79.00 and gave the company a “hold” rating in a research report on Monday, January 23rd. Citigroup upped their price objective on shares of Advanced Micro Devices from $65.00 to $76.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Benchmark upped their target price on shares of Advanced Micro Devices from $93.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 14th. Finally, Craig Hallum cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $76.00 target price on the stock. in a research note on Wednesday, February 1st. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.60.

Insider Activity at Advanced Micro Devices

In related news, EVP Rick Bergman sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $85.88, for a total value of $257,640.00. Following the transaction, the executive vice president now directly owns 155,232 shares in the company, valued at $13,331,324.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Rick Bergman sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $85.88, for a total value of $257,640.00. Following the transaction, the executive vice president now directly owns 155,232 shares in the company, valued at $13,331,324.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $81.69, for a total transaction of $2,450,700.00. Following the completion of the transaction, the executive vice president now owns 1,516,945 shares in the company, valued at $123,919,237.05. The disclosure for this sale can be found here. Insiders have sold 63,000 shares of company stock worth $5,264,040 over the last ninety days. Company insiders own 1.00% of the company’s stock.

Advanced Micro Devices Profile

(Get Rating)

Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.