3,691 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Advisors Capital Management LLC

Advisors Capital Management LLC bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 3,691 shares of the semiconductor manufacturer’s stock, valued at approximately $338,000.

Several other institutional investors have also recently made changes to their positions in AMD. Sylebra Capital Ltd acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $114,322,000. Point72 Asset Management L.P. acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at about $108,613,000. UBS Asset Management Americas Inc. increased its position in Advanced Micro Devices by 23.5% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 5,841,883 shares of the semiconductor manufacturer’s stock valued at $478,976,000 after acquiring an additional 1,112,059 shares in the last quarter. Janus Henderson Group PLC increased its position in Advanced Micro Devices by 35.6% in the 4th quarter. Janus Henderson Group PLC now owns 3,794,956 shares of the semiconductor manufacturer’s stock valued at $348,033,000 after acquiring an additional 997,219 shares in the last quarter. Finally, Anglepoint Asset Management LTD. increased its position in Advanced Micro Devices by 221.3% in the 4th quarter. Anglepoint Asset Management LTD. now owns 1,140,600 shares of the semiconductor manufacturer’s stock valued at $104,604,000 after acquiring an additional 785,600 shares in the last quarter. Institutional investors and hedge funds own 67.01% of the company’s stock.

Several equities research analysts have weighed in on the stock. Rosenblatt Securities raised their price objective on shares of Advanced Micro Devices from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, January 27th. Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $84.00 to $96.00 in a research report on Thursday. Wedbush raised their price objective on shares of Advanced Micro Devices from $100.00 to $110.00 and gave the company an “outperform” rating in a research report on Tuesday, January 12th. The Goldman Sachs Group raised their price objective on shares of Advanced Micro Devices from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, December 14th. Finally, Wells Fargo & Company raised their target price on shares of Advanced Micro Devices from $100.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, December 17th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $90.39.

Advanced Micro Devices stock opened at $77.41 on Friday. The company’s 50 day simple moving average is $84.39 and its 200 day simple moving average is $85.66. Advanced Micro Devices, Inc. has a fifty-two week low of $41.70 and a fifty-two week high of $99.23. The firm has a market capitalization of $93.81 billion, a price-to-earnings ratio of 104.61, a PEG ratio of 1.14 and a beta of 2.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.28 and a quick ratio of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Monday, January 25th. The semiconductor manufacturer reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.05. Advanced Micro Devices had a net margin of 10.17% and a return on equity of 33.04%. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.03 billion. During the same quarter last year, the firm earned $0.32 EPS. Advanced Micro Devices’s quarterly revenue was up 52.5% compared to the same quarter last year. As a group, analysts predict that Advanced Micro Devices, Inc. will post 1.01 EPS for the current fiscal year.

In other Advanced Micro Devices news, SVP Forrest Eugene Norrod sold 81,500 shares of the stock in a transaction dated Tuesday, March 16th. The stock was sold at an average price of $84.02, for a total transaction of $6,847,630.00. Following the completion of the transaction, the senior vice president now owns 377,260 shares in the company, valued at approximately $31,697,385.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Rick Bergman sold 2,000 shares of the stock in a transaction dated Thursday, February 4th. The stock was sold at an average price of $88.29, for a total value of $176,580.00. Following the transaction, the executive vice president now owns 71,891 shares of the company’s stock, valued at approximately $6,347,256.39. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 165,000 shares of company stock worth $14,261,410. 1.20% of the stock is currently owned by company insiders.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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