Zurich Insurance Group Ltd FI Purchases Shares of 23,300 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Zurich Insurance Group Ltd FI acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,300 shares of the semiconductor manufacturer’s stock, valued at approximately $4,205,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ascent Group LLC raised its stake in Advanced Micro Devices by 63.4% during the 1st quarter. Ascent Group LLC now owns 22,348 shares of the semiconductor manufacturer’s stock valued at $4,034,000 after purchasing an additional 8,668 shares during the period. Appian Way Asset Management LP bought a new stake in shares of Advanced Micro Devices during the first quarter valued at approximately $1,065,000. Gendell Jeffrey L lifted its holdings in shares of Advanced Micro Devices by 66.7% in the first quarter. Gendell Jeffrey L now owns 50,000 shares of the semiconductor manufacturer’s stock worth $9,024,000 after buying an additional 20,000 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in Advanced Micro Devices by 18.5% during the first quarter. Mount Yale Investment Advisors LLC now owns 11,180 shares of the semiconductor manufacturer’s stock valued at $2,018,000 after acquiring an additional 1,748 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC grew its stake in Advanced Micro Devices by 8.6% during the first quarter. Beaird Harris Wealth Management LLC now owns 1,069 shares of the semiconductor manufacturer’s stock valued at $193,000 after acquiring an additional 85 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AMD has been the subject of several research reports. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Roth Mkm dropped their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. Citigroup increased their target price on Advanced Micro Devices from $176.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, July 15th. Finally, Jefferies Financial Group started coverage on shares of Advanced Micro Devices in a report on Monday, May 13th. They issued a “buy” rating and a $190.00 target price for the company. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.07.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $285,278,881.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the sale, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $245,757,319.38. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Down 3.6 %

Shares of Advanced Micro Devices stock traded down $5.10 on Tuesday, hitting $134.65. 28,969,633 shares of the company traded hands, compared to its average volume of 63,228,961. The company has a current ratio of 2.64, a quick ratio of 1.92 and a debt-to-equity ratio of 0.03. The company has a market cap of $217.64 billion, a PE ratio of 200.34, a PEG ratio of 1.62 and a beta of 1.69. The stock’s 50 day moving average price is $162.59 and its 200-day moving average price is $168.32. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Equities research analysts predict that Advanced Micro Devices, Inc. will post 2.6 EPS for the current year.

About Advanced Micro Devices

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.