Pictet North America Advisors SA Raises Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pictet North America Advisors SA grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,604 shares of the semiconductor manufacturer’s stock after acquiring an additional 336 shares during the quarter. Pictet North America Advisors SA’s holdings in Advanced Micro Devices were worth $3,334,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AMD. Creative Capital Management Investments LLC lifted its stake in Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the last quarter. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $32,000. Compass Financial Services Inc purchased a new stake in Advanced Micro Devices during the 4th quarter valued at about $39,000. Finally, FSA Wealth Management LLC bought a new position in Advanced Micro Devices during the 3rd quarter worth approximately $41,000. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Stifel Nicolaus dropped their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. HSBC reissued a “reduce” rating and set a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Barclays lowered their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company dropped their target price on shares of Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Finally, Argus upgraded Advanced Micro Devices to a “strong-buy” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Price Performance

AMD opened at $111.81 on Friday. The firm has a market cap of $181.19 billion, a PE ratio of 112.94, a P/E/G ratio of 1.04 and a beta of 1.65. The stock has a 50-day moving average price of $121.53 and a 200-day moving average price of $139.12. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78.

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

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 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 disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.

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.