CIBC Asset Management Inc Acquires 131,796 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

CIBC Asset Management Inc lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 638,091 shares of the semiconductor manufacturer’s stock after acquiring an additional 131,796 shares during the period. CIBC Asset Management Inc’s holdings in Advanced Micro Devices were worth $77,075,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC boosted 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 valued at $25,000 after acquiring an additional 86 shares in the last quarter. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter worth about $26,000. FSA Wealth Management LLC acquired a new position in shares of Advanced Micro Devices during the third quarter valued at about $41,000. Coston McIsaac & Partners boosted its stake in Advanced Micro Devices by 319.4% in the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after purchasing an additional 198 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices during the 4th quarter worth approximately $32,000. Institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

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

Advanced Micro Devices Stock Up 1.2 %

AMD stock opened at $113.10 on Monday. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The company has a market cap of $183.28 billion, a price-to-earnings ratio of 114.24, a PEG ratio of 1.04 and a beta of 1.65. The firm has a 50-day moving average of $120.43 and a two-hundred day moving average of $138.70.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS 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%. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Citigroup cut shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Mizuho dropped their price target on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Bank of America cut their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, February 5th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $158.70.

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.