Sienna Gestion has $16.45M in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sienna Gestion reduced its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 101,469 shares of the semiconductor maker’s stock after selling 388 shares during the quarter. Advanced Micro Devices makes up about 1.5% of Sienna Gestion’s holdings, making the stock its 9th biggest position. Sienna Gestion’s holdings in Advanced Micro Devices were worth $16,452,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Advanced Micro Devices by 813.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,647,457 shares of the semiconductor manufacturer’s stock worth $685,089,000 after acquiring an additional 4,138,612 shares during the period. Capital World Investors boosted its holdings in shares of Advanced Micro Devices by 176.9% in the 4th quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor maker’s stock worth $688,190,000 after buying an additional 2,982,704 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Advanced Micro Devices by 52.6% in the second quarter. Van ECK Associates Corp now owns 8,645,658 shares of the semiconductor maker’s stock worth $1,402,412,000 after acquiring an additional 2,979,204 shares during the period. Price T Rowe Associates Inc. MD increased its position in Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor maker’s stock valued at $4,079,674,000 after purchasing an additional 2,553,392 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Advanced Micro Devices by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor maker’s stock worth $20,997,873,000 after buying an additional 2,390,558 shares during the period. Institutional investors own 71.34% of the company’s shares.

Advanced microdevice inventory down 1.7%

Shares of NASDAQ:AMD opened at $148.29 on Thursday. The company has a market cap of $239.68 billion, a price-to-earnings ratio of 218.07, a PEG ratio of 2.04 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The company has a current ratio of 2.82, a quick ratio of 2.01, and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $147.79 and a 200-day moving average price of $161.04.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The semiconductor maker reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.72 billion. Advanced Micro Devices had a return on equity of 5.98% and a net margin of 5.82%. The company’s revenue for the quarter was up 8.9% year over year. In the same period last year, the company earned $0.40 EPS. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 2.56 earnings per share for the current year.

Analysts on Wall Street are forecasting an increase

Several research firms have recently commented on AMD. Truist Financial decreased their price objective on Advanced Micro Devices from $162.00 to $156.00 and set a “hold” rating on the stock in a research report on Wednesday, July 31st. Citigroup raised their target price on shares of Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a report on Monday, July 15th. TD Cowen raised shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Monday. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, July 31st. Finally, Wedbush reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company. Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $193.45, based on data from MarketBeat.com.

Get the latest stock report on AMD

Insiders place their bets

In other news, EVP Mark D. Papermaster sold 16,756 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total value of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. 0.73% of shares are held by insiders.

Advanced Micro Devices Company Profile

(Free report)

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

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