Caisse Des Depots ET Consignations Makes New $3.05 Million Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Caisse Des Depots ET Consignations bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, Holdings Channel reports. The institutional investor bought 25,218 shares of the semiconductor manufacturer’s stock, valued at approximately $3,046,000.

Other institutional investors have also recently added to or reduced their stakes in the company. NCM Capital Management LLC boosted its stake in Advanced Micro Devices by 0.9% during the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock worth $1,420,000 after purchasing an additional 75 shares during the period. Pin Oak Investment Advisors Inc. grew its position in shares of Advanced Micro Devices by 15.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after purchasing an additional 76 shares during the last quarter. Northeast Financial Consultants Inc grew its stake in Advanced Micro Devices by 2.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock worth $479,000 after acquiring an additional 81 shares during the period. Abel Hall LLC increased its position in Advanced Micro Devices by 4.6% during the third quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer’s stock worth $304,000 after purchasing an additional 82 shares during the last quarter. Finally, Segment Wealth Management LLC grew its holdings in shares of Advanced Micro Devices by 0.5% during the 4th quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer’s stock worth $1,937,000 after purchasing an additional 87 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AMD shares. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Wednesday. Piper Sandler reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Melius Research reaffirmed a “hold” rating and set a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.14.

Advanced Micro Devices Stock Down 4.0 %

Shares of NASDAQ AMD opened at $110.19 on Thursday. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28. The firm’s 50-day simple moving average is $109.99 and its 200 day simple moving average is $131.31. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $178.56 billion, a price-to-earnings ratio of 111.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.