Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 506,295 shares of the semiconductor manufacturer’s stock after purchasing an additional 31,839 shares during the quarter. CIBC Asset Management Inc’s holdings in Advanced Micro Devices were worth $83,073,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMD. Harvest Portfolios Group Inc. boosted its stake in shares of Advanced Micro Devices by 4.4% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 146,445 shares of the semiconductor manufacturer’s stock worth $24,029,000 after acquiring an additional 6,168 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after acquiring an additional 588,595 shares during the period. Hartline Investment Corp raised its holdings in shares of Advanced Micro Devices by 6.2% during the third quarter. Hartline Investment Corp now owns 220,197 shares of the semiconductor manufacturer’s stock valued at $36,130,000 after acquiring an additional 12,837 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Advanced Micro Devices by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 309,561 shares of the semiconductor manufacturer’s stock worth $50,214,000 after purchasing an additional 116,020 shares during the period. Finally, Laffer Tengler Investments Inc. boosted its stake in Advanced Micro Devices by 3,139.2% in the 3rd quarter. Laffer Tengler Investments Inc. now owns 10,236 shares of the semiconductor manufacturer’s stock worth $1,680,000 after purchasing an additional 9,920 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.3 %

Shares of AMD opened at $138.84 on Friday. The business’s fifty day moving average price is $154.52 and its two-hundred day moving average price is $155.31. The firm has a market capitalization of $225.31 billion, a price-to-earnings ratio of 125.08, a PEG ratio of 1.93 and a beta of 1.71. Advanced Micro Devices, Inc. has a 52 week low of $116.37 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period last year, the company earned $0.53 earnings per share. The company’s revenue was up 17.6% on a year-over-year basis. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on AMD shares. Benchmark reaffirmed a “buy” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Edward Jones started coverage on Advanced Micro Devices in a research note on Tuesday, August 20th. They issued a “buy” rating on the stock. Citigroup dropped their price target on shares of Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Morgan Stanley lowered their target price on shares of Advanced Micro Devices from $178.00 to $169.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 30th. Finally, Roth Mkm restated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.79.

Insider Transactions at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.

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.