Axa S.A. Buys 247,807 Shares of Advanced Micro Devices, Inc. $AMD

Axa S.A. raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 41.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 841,174 shares of the semiconductor manufacturer’s stock after purchasing an additional 247,807 shares during the period. Axa S.A.’s holdings in Advanced Micro Devices were worth $119,363,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of AMD. Vanguard Group Inc. grew its stake in shares of Advanced Micro Devices by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 154,648,859 shares of the semiconductor manufacturer’s stock worth $21,944,673,000 after acquiring an additional 2,281,508 shares during the period. State Street Corp lifted its holdings in Advanced Micro Devices by 0.8% during the second quarter. State Street Corp now owns 72,069,259 shares of the semiconductor manufacturer’s stock valued at $10,226,628,000 after purchasing an additional 581,330 shares during the last quarter. Geode Capital Management LLC boosted its position in Advanced Micro Devices by 1.4% during the second quarter. Geode Capital Management LLC now owns 36,690,685 shares of the semiconductor manufacturer’s stock worth $5,181,556,000 after purchasing an additional 514,445 shares during the period. Norges Bank purchased a new position in shares of Advanced Micro Devices in the second quarter worth about $3,094,662,000. Finally, Amundi increased its stake in shares of Advanced Micro Devices by 8.0% in the first quarter. Amundi now owns 17,829,010 shares of the semiconductor manufacturer’s stock worth $1,677,014,000 after purchasing an additional 1,319,064 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Price Performance

AMD stock opened at $221.11 on Tuesday. The firm has a 50 day simple moving average of $226.81 and a two-hundred day simple moving average of $177.03. The stock has a market cap of $359.98 billion, a PE ratio of 109.46, a P/E/G ratio of 1.61 and a beta of 1.93. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $267.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.68.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.03. Advanced Micro Devices had a net margin of 10.32% and a return on equity of 8.04%. The company had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $8.76 billion. During the same period in the previous year, the firm posted $0.92 EPS. The firm’s revenue was up 35.6% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Transactions at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president directly owned 300,348 shares in the company, valued at $68,890,820.76. This trade represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ava Hahn sold 2,868 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $226.01, for a total transaction of $648,196.68. Following the transaction, the senior vice president directly owned 9,033 shares in the company, valued at $2,041,548.33. This trade represents a 24.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 75,676 shares of company stock worth $16,124,589. 0.06% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on AMD shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, November 12th. Bank of America restated a “buy” rating and set a $300.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, November 12th. Melius Research set a $380.00 price target on Advanced Micro Devices in a research report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft set a $235.00 price objective on Advanced Micro Devices and gave the company a “hold” rating in a research note on Tuesday, October 14th. Finally, Benchmark raised their target price on Advanced Micro Devices from $270.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $278.54.

Advanced Micro Devices 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.