Asset Management One Co. Ltd. Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Asset Management One Co. Ltd. increased its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 671,099 shares of the semiconductor manufacturer’s stock after buying an additional 10,818 shares during the period. Asset Management One Co. Ltd.’s holdings in Advanced Micro Devices were worth $83,974,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. SFE Investment Counsel raised its holdings in shares of Advanced Micro Devices by 17.0% during the 4th quarter. SFE Investment Counsel now owns 22,253 shares of the semiconductor manufacturer’s stock worth $2,688,000 after acquiring an additional 3,227 shares in the last quarter. Aljian Capital Management LLC increased its position in Advanced Micro Devices by 12.0% in the fourth quarter. Aljian Capital Management LLC now owns 8,351 shares of the semiconductor manufacturer’s stock worth $1,009,000 after purchasing an additional 897 shares during the last quarter. Investment Partners Asset Management Inc. raised its stake in Advanced Micro Devices by 39.9% during the fourth quarter. Investment Partners Asset Management Inc. now owns 4,083 shares of the semiconductor manufacturer’s stock valued at $493,000 after purchasing an additional 1,164 shares in the last quarter. Avestar Capital LLC lifted its position in Advanced Micro Devices by 8.3% during the fourth quarter. Avestar Capital LLC now owns 14,192 shares of the semiconductor manufacturer’s stock valued at $1,714,000 after purchasing an additional 1,087 shares during the last quarter. Finally, Hudock Inc. grew its stake in shares of Advanced Micro Devices by 24.1% in the 4th quarter. Hudock Inc. now owns 4,037 shares of the semiconductor manufacturer’s stock worth $488,000 after buying an additional 784 shares in the last quarter. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD opened at $111.81 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30. The firm has a 50 day moving average of $121.53 and a 200 day moving average of $139.12. The company has a market capitalization of $181.19 billion, a price-to-earnings ratio of 112.94, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting 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, 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 related news, EVP Philip Guido bought 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AMD. Argus raised shares of Advanced Micro Devices to a “strong-buy” rating in a report on Thursday, February 6th. Stifel Nicolaus lowered 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. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Melius Research restated a “hold” rating and issued a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Finally, Citigroup cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $158.70.

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.