Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Posted by Defense World Staff on Feb 28th, 2023

Healthcare of Ontario Pension Plan Trust Fund decreased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 85.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,268 shares of the semiconductor manufacturer’s stock after selling 70,143 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Advanced Micro Devices were worth $777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in shares of Advanced Micro Devices in the first quarter valued at $777,111,000. Public Investment Fund bought a new position in shares of Advanced Micro Devices in the second quarter valued at $359,567,000. Northern Trust Corp increased its holdings in shares of Advanced Micro Devices by 35.5% in the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after buying an additional 4,475,368 shares in the last quarter. Barclays PLC increased its holdings in shares of Advanced Micro Devices by 68.5% in the third quarter. Barclays PLC now owns 8,593,202 shares of the semiconductor manufacturer’s stock valued at $544,468,000 after buying an additional 3,494,276 shares in the last quarter. Finally, FMR LLC grew its position in Advanced Micro Devices by 7.3% during the 2nd quarter. FMR LLC now owns 49,140,967 shares of the semiconductor manufacturer’s stock worth $3,757,811,000 after purchasing an additional 3,358,202 shares in the last quarter. Institutional investors own 67.17% of the company’s stock.

Insider Activity

In other news, EVP Mark D. Papermaster sold 30,000 shares of the company’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $85.19, for a total transaction of $2,555,700.00. Following the completion of the transaction, the executive vice president now owns 1,516,945 shares of the company’s stock, valued at $129,228,544.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $85.19, for a total value of $2,555,700.00. Following the completion of the transaction, the executive vice president now owns 1,516,945 shares of the company’s stock, valued at $129,228,544.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rick Bergman sold 3,000 shares of the stock in a transaction dated Thursday, February 9th. The stock was sold at an average price of $85.88, for a total transaction of $257,640.00. Following the completion of the transaction, the executive vice president now directly owns 155,232 shares of the company’s stock, valued at approximately $13,331,324.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,153 shares of company stock valued at $3,959,395. Insiders own 1.00% of the company’s stock.

Advanced Micro Devices Stock Up 0.9 %

Shares of AMD opened at $78.77 on Tuesday. The company has a 50-day simple moving average of $73.63 and a 200-day simple moving average of $73.09. The firm has a market capitalization of $127.01 billion, a P/E ratio of 89.51, a P/E/G ratio of 4.75 and a beta of 1.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.77 and a current ratio of 2.36. Advanced Micro Devices, Inc. has a 52 week low of $54.57 and a 52 week high of $125.67.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its quarterly earnings data on Tuesday, January 31st. The semiconductor manufacturer reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.02. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.52 billion. Advanced Micro Devices had a net margin of 5.59% and a return on equity of 8.52%. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. On average, equities research analysts expect that Advanced Micro Devices, Inc. will post 2.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AMD shares. Craig Hallum cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $76.00 price objective on the stock. in a research report on Wednesday, February 1st. The Goldman Sachs Group lowered their price objective on shares of Advanced Micro Devices from $84.00 to $74.00 and set a “buy” rating on the stock in a research report on Thursday, November 3rd. Truist Financial boosted their price target on shares of Advanced Micro Devices from $70.00 to $79.00 and gave the company a “hold” rating in a report on Monday, January 23rd. KeyCorp boosted their price target on shares of Advanced Micro Devices from $80.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, February 1st. Finally, Susquehanna boosted their price target on shares of Advanced Micro Devices from $80.00 to $88.00 and gave the company a “positive” rating in a report on Monday, January 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.93.

About Advanced Micro Devices

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Advanced Micro Devices, Inc engages in the provision of semiconductor businesses. It operates through the following segments: Computing & Graphics, and Enterprise, Embedded and Semi-Custom. The Computing and Graphics segment includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units, data center and professional GPUs and development services.