Wellington Management Group LLP purchases 478,718 shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wellington Management Group LLP increased its holdings in Advanced Micro Devices, Inc., according to its latest Form 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMD – Free Report) up 2.6% in the fourth quarter. After acquiring an additional 478,718 shares during the period, the company now owned 19,218,241 shares of the semiconductor maker’s stock. At the end of the most recent reporting period, Wellington Management Group LLP owned approximately 1.20% of Advanced Micro Devices worth $2,832,961,000.

Several other large investors have also recently changed their positions in the stock. In the third quarter, PNC Financial Services Group Inc. increased its shares in Advanced Micro Devices by 0.4%. PNC Financial Services Group Inc. now owns 281,638 shares of the semiconductor maker’s stock valued at $28,958,000 after purchasing an additional 988 shares during the period. In the third quarter, Johnson Investment Counsel Inc. increased its stake in Advanced Micro Devices by 40.8%. Johnson Investment Counsel Inc. now owns 6,914 shares of the semiconductor maker’s stock valued at $711,000 after purchasing an additional 2,002 shares during the period. Kestra Advisory Services LLC increased its holdings in Advanced Micro Devices by 10.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 87,650 shares of the semiconductor maker’s stock valued at $9,012,000 after purchasing an additional 8,212 shares during the period. Checchi Capital Advisers LLC increased its holdings in Advanced Micro Devices by 3.5% during the third quarter. Checchi Capital Advisers LLC now owns 10,519 shares of the semiconductor maker’s stock valued at $1,082,000 after purchasing an additional 360 shares during the period. Finally, WCG Wealth Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $2,690,000. 71.34% of the shares are in the hands of institutional investors.

Advanced storage efficiency of micro devices

On Monday, shares of Advanced Micro Devices closed at $159.63. The stock’s 50-day simple moving average is $159.73 and its two-hundred-day simple moving average is $162.94. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The stock has a market value of $258.01 billion, a price-to-earnings ratio of 234.75, a PEG ratio of 1.84 and a beta of 1.69. Advanced Micro Devices, Inc. it has a fifty-two week low of $93.11 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, $0.01 above the consensus estimate of $0.61. The company’s revenue for the quarter was $5.47 billion, compared to analyst expectations of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenues increased by 2.2% year-on-year. During the same period last year, the company saw an EPS of $0.43. Analysts expect that as a group, Advanced Micro Devices, Inc. will see 2.61 earnings per share for the current fiscal year.

Buying and selling confidential information at Advanced Micro Devices

In other news, VP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing with the SEC, available on the SEC’s website. Insiders own 0.73% of the company’s shares.

Analyst Upgrades and Downgrades

Several research firms have recently published reports on AMD. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. Citigroup lowered their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. In Saturday’s research report, StockNews.com downgraded the recommendation for Advanced Micro Devices from “hold” to “sell.” Morgan Stanley downgraded Advanced Micro Devices from “overweight” to “equal weight” and set a $176.00 price target on the stock. in the research report on Monday, June 10. Finally, Mizuho lowered their target price on Advanced Micro Devices from $235.00 to $215.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One investment analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven gave a buy rating. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of Moderate Buy and a consensus price target of $190.83.

Read our latest analysis on Advanced Micro Devices

Advanced Micro Devices company profile

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers microprocessors and x86 graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

read more

Get advanced micro devices news and ratings every day – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Advanced Micro Devices and related companies with MarketBeat.com’s FREE daily email newsletter.