ARK Investment Management LLC Purchases 44,502 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

ARK Investment Management LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 310,882 shares of the semiconductor manufacturer’s stock after purchasing an additional 44,502 shares during the quarter. ARK Investment Management LLC’s holdings in Advanced Micro Devices were worth $45,827,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Meridian Wealth Management LLC raised its holdings in Advanced Micro Devices by 135.6% in the third quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock worth $21,135,000 after purchasing an additional 118,090 shares in the last quarter. Gendell Jeffrey L purchased a new stake in shares of Advanced Micro Devices during the third quarter worth about $3,085,000. Sara Bay Financial purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $315,000. Victory Capital Management Inc. grew its stake in shares of Advanced Micro Devices by 6.3% during the third quarter. Victory Capital Management Inc. now owns 1,460,506 shares of the semiconductor manufacturer’s stock worth $150,169,000 after acquiring an additional 86,571 shares during the last quarter. Finally, UG Investment Advisers Ltd. purchased a new stake in shares of Advanced Micro Devices during the third quarter worth about $13,217,000. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at $794,069.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 324,943 shares of company stock valued at $59,919,994. 0.73% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a research report on Wednesday, January 31st. Raymond James lowered Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from $190.00 to $195.00 in a research report on Tuesday, January 30th. New Street Research upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Wednesday, January 24th. Finally, Susquehanna upped their target price on Advanced Micro Devices from $170.00 to $210.00 and gave the company a “positive” rating in a research report on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Advanced Micro Devices Stock Up 1.0 %

NASDAQ AMD opened at $179.59 on Thursday. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The business’s fifty day simple moving average is $180.63 and its 200-day simple moving average is $140.69. The firm has a market cap of $287.34 billion, a PE ratio of 345.37, a P/E/G ratio of 2.69 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.67 earnings per share for the current year.

Advanced Micro Devices Company 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.