Firetrail Investments PTY Ltd. Boosts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Firetrail Investments PTY Ltd. raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,544 shares of the semiconductor manufacturer’s stock after purchasing an additional 6,413 shares during the period. Advanced Micro Devices accounts for about 2.9% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 20th biggest position. Firetrail Investments PTY Ltd.’s holdings in Advanced Micro Devices were worth $9,522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Asahi Life Asset Management CO. LTD. bought a new position in Advanced Micro Devices in the fourth quarter worth approximately $368,000. Halbert Hargrove Global Advisors LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $29,000. Bailard Inc. boosted its position in shares of Advanced Micro Devices by 3.2% in the 4th quarter. Bailard Inc. now owns 90,813 shares of the semiconductor manufacturer’s stock worth $10,969,000 after purchasing an additional 2,822 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Advanced Micro Devices by 5.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 12,768 shares of the semiconductor manufacturer’s stock worth $1,563,000 after purchasing an additional 679 shares in the last quarter. Finally, Wilmar Advisors LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth $2,899,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AMD has been the subject of a number of recent research reports. DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research note on Friday, February 7th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company reissued an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $155.83.

Advanced Micro Devices Stock Up 0.3 %

AMD stock opened at $99.81 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $98.69 and a 12 month high of $227.30. The firm has a market cap of $161.74 billion, a PE ratio of 100.82, a P/E/G ratio of 1.11 and a beta of 1.65. The firm has a 50 day simple moving average of $116.94 and a 200 day simple moving average of $136.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

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

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Company 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.