Team Hewins LLC is making a new $1.14 million investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Team Hewins LLC has purchased new shares of Advanced Micro Devices, Inc., according to its latest 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:AMD – Free Report) in the fourth quarter. The company bought 7,702 shares of the semiconductor maker worth about $1,135,000.

Other institutional investors also changed their positions in the company. Norges Bank purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $3,426,529,000. International Assets Investment Management LLC increased its position in Advanced Micro Devices by 15,896.5% during the fourth quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor maker’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares during the period. Private Advisor Group LLC increased its holdings in Advanced Micro Devices by 104.6% during the 4th quarter. Private Advisor Group LLC now owns 99,165 shares of the semiconductor maker’s stock valued at $14,574,000 after purchasing an additional 2,278,076 shares in the last quarter. Sylebra Capital LLC bought a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $227,566,000. Finally, Atreides Management LP improved its position in the Advanced Micro Devices segment by 114.3% in the third quarter. Atreides Management LP now owns 3,422,730 shares of the semiconductor maker’s stock valued at $351,925,000 after purchasing an additional 1,825,557 shares during the period. 71.34% of the shares are in the hands of institutional investors.

Wall Street analysts predict growth

Many equity research analysts have commented on the stock recently. Wells Fargo & Company increased their target price on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. TD Cowen increased their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. KeyCorp lowered their target price on Advanced Micro Devices from $270.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Evercore ISI lowered their price target on Advanced Micro Devices from $200.00 to $193.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Roth Mkm lowered their target price on Advanced Micro Devices from $190.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, May 1st. One analyst rated the stock with a “sell” rating, two with a “hold” rating and twenty-eight with a “buy” rating. According to MarketBeat data, the company has a consensus rating of “Moderate Buy” and an average price target of $185.26.

Check out our latest analysis for AMD

Advanced micro device stocks fell 3.1%

During trading hours on Thursday, shares of Advanced Micro Devices fell $5.09 to $160.43. 91,769,689 shares of the company’s stock traded, with average volume of 68,298,305. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average of $165.28 and a two-hundred-day moving average of $157.30. The market value of the company’s shares is $259.31 billion, the P/E ratio is 235.93, the P/E/G ratio is 1.89, and the beta is 1.66. 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) released its quarterly earnings results on Tuesday, April 30th. The semiconductor maker reported EPS of $0.62 for the quarter, $0.01 above the consensus estimate of $0.61. The company had revenue of $5.47 billion for the quarter, 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 quarterly revenues increased by 2.2% compared to the same quarter last year. During the same period last year, the company reported earnings per share of $0.43. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will report 2.62 EPS for the current financial year.

Confidential activity at Advanced Micro Devices

In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction on Monday, March 4. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares of the company’s stock valued at $457,151.76. The sale was disclosed in a filing with the SEC, which can be accessed via this hyperlink. In other news, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock valued at $457,151.76. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66 for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The announcement of this sale can be found here. Over the last three months, insiders sold 165,650 shares of company stock worth $31,761,199. 0.73% of the shares are owned by corporate insiders.

About advanced micro devices

(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 x86 microprocessors and 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.

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