Czech National Bank Has $66.69 Million Holdings in Advanced Micro Devices, Inc. $AMD

Czech National Bank raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 412,208 shares of the semiconductor manufacturer’s stock after purchasing an additional 15,894 shares during the period. Czech National Bank’s holdings in Advanced Micro Devices were worth $66,691,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the sale, the executive vice president owned 300,348 shares in the company, valued at approximately $68,890,820.76. This represents a 6.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark D. Papermaster sold 17,108 shares of the firm’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $240.12, for a total value of $4,107,972.96. Following the completion of the sale, the executive vice president owned 1,714,505 shares of the company’s stock, valued at approximately $411,686,940.60. This trade represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 183,476 shares of company stock worth $40,249,093 in the last three months. Company insiders own 0.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. CICC Research raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $265.00 target price for the company in a research report on Friday, November 7th. Raymond James Financial started coverage on shares of Advanced Micro Devices in a report on Thursday, November 20th. They set an “outperform” rating and a $377.00 price objective for the company. Loop Capital set a $290.00 target price on shares of Advanced Micro Devices and gave the company a “buy” rating in a research note on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Advanced Micro Devices in a research report on Monday. Finally, Benchmark lifted their price objective on Advanced Micro Devices from $270.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $277.11.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $198.16 on Thursday. The stock has a market capitalization of $322.62 billion, a price-to-earnings ratio of 98.10, a P/E/G ratio of 1.55 and a beta of 1.93. The firm’s 50-day moving average price is $230.39 and its two-hundred day moving average price is $181.52. The company has a current ratio of 2.31, a quick ratio of 1.68 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $267.08.

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