Bank Julius Baer & Co. Ltd Zurich Buys 1,843 Shares of Advanced Micro Devices, Inc. $AMD

Bank Julius Baer & Co. Ltd Zurich grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.9% during the fourth quarter, Holdings Channel reports. The firm owned 98,090 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,843 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Advanced Micro Devices were worth $21,007,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. HHM Wealth Advisors LLC raised its position in Advanced Micro Devices by 2.4% in the 3rd quarter. HHM Wealth Advisors LLC now owns 1,742 shares of the semiconductor manufacturer’s stock valued at $282,000 after buying an additional 40 shares during the last quarter. James J. Burns & Company LLC boosted its holdings in Advanced Micro Devices by 2.3% during the 4th quarter. James J. Burns & Company LLC now owns 1,816 shares of the semiconductor manufacturer’s stock worth $389,000 after acquiring an additional 40 shares during the last quarter. Wilmington Savings Fund Society FSB grew its stake in shares of Advanced Micro Devices by 0.5% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 8,706 shares of the semiconductor manufacturer’s stock worth $1,409,000 after acquiring an additional 43 shares in the last quarter. Cassaday & Co Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 0.9% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 4,912 shares of the semiconductor manufacturer’s stock worth $1,052,000 after acquiring an additional 43 shares in the last quarter. Finally, OneAscent Family Office LLC raised its holdings in shares of Advanced Micro Devices by 2.6% in the third quarter. OneAscent Family Office LLC now owns 1,755 shares of the semiconductor manufacturer’s stock valued at $284,000 after purchasing an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AMD shares. Zacks Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Stifel Nicolaus increased their price objective on shares of Advanced Micro Devices from $320.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Needham & Company LLC raised shares of Advanced Micro Devices to a “buy” rating in a research report on Wednesday, May 6th. Raymond James Financial assumed coverage on Advanced Micro Devices in a report on Wednesday, May 6th. They issued a “market perform” rating for the company. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and twelve 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 $396.95.

Get Our Latest Research Report on Advanced Micro Devices

Advanced Micro Devices Stock Up 0.9%

AMD opened at $449.70 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $107.67 and a twelve month high of $469.21. The company’s 50-day moving average price is $269.05 and its two-hundred day moving average price is $239.23. The stock has a market cap of $733.28 billion, a price-to-earnings ratio of 147.44, a PEG ratio of 1.33 and a beta of 2.40. The company has a quick ratio of 1.96, a current ratio of 2.72 and a debt-to-equity ratio of 0.04.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The semiconductor manufacturer reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.29 by $0.08. Advanced Micro Devices had a net margin of 13.37% and a return on equity of 9.55%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $9.90 billion. During the same quarter last year, the business posted $0.96 EPS. Advanced Micro Devices’s quarterly revenue was up 37.8% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 6.17 earnings per share for the current year.

More Advanced Micro Devices News

Here are the key news stories impacting Advanced Micro Devices this week:

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 31,320 shares of the business’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $350.00, for a total value of $10,962,000.00. Following the sale, the executive vice president directly owned 1,236,037 shares in the company, valued at $432,612,950. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lisa T. Su sold 85,000 shares of the company’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $198.77, for a total value of $16,895,450.00. Following the transaction, the chief executive officer directly owned 3,146,006 shares in the company, valued at $625,331,612.62. This represents a 2.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 184,598 shares of company stock valued at $49,955,566 over the last ninety days. 0.50% of the stock is currently owned by insiders.

About Advanced Micro Devices

(Free Report)

Advanced Micro Devices, Inc (NASDAQ: AMD) is a global semiconductor company that designs and sells microprocessors, graphics processors, chipsets and adaptive computing solutions for a broad set of markets. The company’s product portfolio includes consumer and commercial CPUs under the Ryzen and Threadripper brands, data center processors under the EPYC brand, and Radeon graphics processing units for gaming and professional visualization. AMD also offers semi-custom system-on-chip (SoC) products for gaming consoles and other specialized applications, and provides supporting software and platform technologies for OEMs, cloud service providers and end users.

Founded in 1969, AMD has evolved from a supplier of logic chips into a diversified, fabless semiconductor designer.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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