Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Lifted by Quilter Plc

Quilter Plc raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 941,202 shares of the semiconductor manufacturer’s stock after purchasing an additional 35,094 shares during the quarter. Advanced Micro Devices accounts for about 2.2% of Quilter Plc’s portfolio, making the stock its 13th largest holding. Quilter Plc’s holdings in Advanced Micro Devices were worth $113,688,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC lifted its position in shares of Advanced Micro Devices by 124.6% in the 3rd 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 purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $26,000. FSA Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $41,000. Coston McIsaac & Partners lifted its position in shares of Advanced Micro Devices by 319.4% in the 3rd quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 198 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $32,000. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Advanced Micro Devices 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 of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $107.56 on Monday. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The firm’s 50 day moving average is $123.42 and its 200-day moving average is $139.74. The firm has a market capitalization of $174.30 billion, a price-to-earnings ratio of 108.65, a PEG ratio of 1.04 and a beta of 1.65. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on AMD shares. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. KeyCorp cut their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Finally, UBS Group dropped their price target on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $158.70.

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.