Invesco Ltd. Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Invesco Ltd. grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,368,317 shares of the semiconductor manufacturer’s stock after purchasing an additional 765,447 shares during the period. Invesco Ltd.’s holdings in Advanced Micro Devices were worth $1,373,179,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices during the fourth quarter valued at $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $31,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $32,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $85.76 on Monday. Advanced Micro Devices, Inc. has a 1 year low of $81.68 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company’s fifty day moving average price is $106.88 and its 200 day moving average price is $128.81. The company has a market capitalization of $138.61 billion, a PE ratio of 86.63, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “buy” rating and set a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Susquehanna dropped their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research report on Wednesday, February 5th. UBS Group set a $175.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, Stifel Nicolaus decreased their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $152.72.

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.