Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Position Lifted by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.3% in the third quarter, Holdings Channel reports. The institutional investor owned 37,720 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,287 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Advanced Micro Devices were worth $6,189,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. increased its holdings in shares of Advanced Micro Devices by 21.9% during the 1st quarter. Hillsdale Investment Management Inc. now owns 1,669 shares of the semiconductor manufacturer’s stock valued at $301,000 after acquiring an additional 300 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Advanced Micro Devices by 13.9% in the first quarter. Bessemer Group Inc. now owns 24,004 shares of the semiconductor manufacturer’s stock worth $4,332,000 after buying an additional 2,931 shares during the last quarter. Pitcairn Co. boosted its holdings in shares of Advanced Micro Devices by 22.3% during the 1st quarter. Pitcairn Co. now owns 10,859 shares of the semiconductor manufacturer’s stock worth $1,960,000 after buying an additional 1,978 shares during the period. InterOcean Capital Group LLC grew its stake in Advanced Micro Devices by 12.4% in the 1st quarter. InterOcean Capital Group LLC now owns 8,039 shares of the semiconductor manufacturer’s stock valued at $1,451,000 after buying an additional 889 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in Advanced Micro Devices in the 1st quarter worth $7,494,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $513,150,048.94. The trade was 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 currently owned by insiders.

Advanced Micro Devices Stock Up 3.0 %

Shares of NASDAQ:AMD opened at $138.93 on Tuesday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $154.53 and its two-hundred day moving average price is $155.02. Advanced Micro Devices, Inc. has a 12 month low of $116.37 and a 12 month high of $227.30. The firm has a market cap of $225.46 billion, a P/E ratio of 125.16, a P/E/G ratio of 1.87 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting 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 company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. During the same period in the prior year, the business posted $0.53 EPS. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. As a group, research analysts forecast that Advanced Micro Devices, Inc. will post 2.53 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Citigroup lowered their price target on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Robert W. Baird reduced their price objective on Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Barclays dropped their target price on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. BNP Paribas upgraded shares of Advanced Micro Devices to a “strong-buy” rating in a research note on Wednesday, July 31st. Finally, Evercore ISI upped their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.79.

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.