Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by GAM Holding AG

GAM Holding AG boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 35.5% in the fourth quarter, Holdings Channel reports. The fund owned 43,024 shares of the semiconductor manufacturer’s stock after buying an additional 11,273 shares during the quarter. GAM Holding AG’s holdings in Advanced Micro Devices were worth $5,197,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in Advanced Micro Devices by 9.8% in the 4th quarter. Venturi Wealth Management LLC now owns 37,950 shares of the semiconductor manufacturer’s stock valued at $4,584,000 after buying an additional 3,402 shares during the last quarter. Citizens & Northern Corp increased its position in shares of Advanced Micro Devices by 188.3% during the fourth quarter. Citizens & Northern Corp now owns 6,036 shares of the semiconductor manufacturer’s stock worth $729,000 after acquiring an additional 3,942 shares during the last quarter. Empower Advisory Group LLC lifted its stake in shares of Advanced Micro Devices by 0.6% in the fourth quarter. Empower Advisory Group LLC now owns 25,706 shares of the semiconductor manufacturer’s stock worth $3,105,000 after acquiring an additional 151 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in Advanced Micro Devices by 26.0% in the fourth quarter. CIBC Asset Management Inc now owns 638,091 shares of the semiconductor manufacturer’s stock valued at $77,075,000 after purchasing an additional 131,796 shares during the last quarter. Finally, Catalyst Capital Advisors LLC grew its stake in Advanced Micro Devices by 10.4% during the 4th quarter. Catalyst Capital Advisors LLC now owns 1,613 shares of the semiconductor manufacturer’s stock valued at $195,000 after purchasing an additional 152 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.2 %

AMD stock opened at $113.10 on Tuesday. The stock has a market cap of $183.28 billion, a PE ratio of 114.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The firm’s 50-day simple moving average is $120.43 and its 200 day simple moving average is $138.70. Advanced Micro Devices, Inc. has a fifty-two week low of $106.50 and a fifty-two week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Melius Research reaffirmed a “hold” rating and issued a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Bank of America cut their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Benchmark cut their target price on shares of Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $158.70.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Philip Guido acquired 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.73% of the stock is owned by insiders.

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.