Nan Shan Life Insurance Co. Ltd. Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Nan Shan Life Insurance Co. Ltd. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 78.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,031 shares of the semiconductor manufacturer’s stock after acquiring an additional 158,629 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in Advanced Micro Devices were worth $43,609,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AMD. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $25,000. Greenline Partners LLC acquired a new stake in shares of Advanced Micro Devices in the fourth quarter worth approximately $28,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $29,000. Summit Securities Group LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $32,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Loop Capital reduced their target price on Advanced Micro Devices from $175.00 to $140.00 and set a “buy” rating on the stock in a research note on Wednesday, May 7th. Wedbush reaffirmed an “outperform” rating and set a $120.00 price objective (up previously from $115.00) on shares of Advanced Micro Devices in a report on Wednesday, May 7th. Wolfe Research cut shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Susquehanna dropped their target price on Advanced Micro Devices from $150.00 to $135.00 and set a “positive” rating on the stock in a report on Thursday, April 24th. Finally, Benchmark restated a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus price target of $131.13.

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.06% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Up 4.0%

NASDAQ AMD opened at $112.46 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a market cap of $182.34 billion, a price-to-earnings ratio of 113.60, a P/E/G ratio of 1.11 and a beta of 1.97. The business has a 50 day moving average price of $97.81 and a 200-day moving average price of $115.78. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. The firm’s revenue was up 35.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.