New York Life Investment Management LLC Purchases 670 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

New York Life Investment Management LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 255,737 shares of the semiconductor manufacturer’s stock after purchasing an additional 670 shares during the period. New York Life Investment Management LLC’s holdings in Advanced Micro Devices were worth $37,698,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AMD. Addison Advisors LLC raised its stake in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the period. Schear Investment Advisers LLC lifted its position in shares of Advanced Micro Devices by 0.4% in the fourth quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after buying an additional 64 shares during the last quarter. Fiduciary Group LLC grew its position in shares of Advanced Micro Devices by 2.7% in the fourth quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares during the last quarter. EWA LLC increased its holdings in shares of Advanced Micro Devices by 4.0% during the fourth quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock worth $269,000 after purchasing an additional 70 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group raised its position in shares of Advanced Micro Devices by 36.2% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after buying an additional 72 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on AMD. Morgan Stanley reduced their price target on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating on the stock in a report on Monday. TD Cowen lifted their price target on Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Melius upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Truist Financial reduced their target price on Advanced Micro Devices from $174.00 to $162.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $182.62.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 over the last three months. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Trading Down 8.9 %

Shares of NASDAQ:AMD traded down $14.11 on Wednesday, hitting $144.27. 89,171,820 shares of the company’s stock were exchanged, compared to its average volume of 72,473,570. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The stock has a market capitalization of $233.16 billion, a price-to-earnings ratio of 282.06, a price-to-earnings-growth ratio of 2.44 and a beta of 1.64. The business’s 50 day simple moving average is $177.04 and its two-hundred day simple moving average is $151.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. Analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

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.