OVERSEA CHINESE BANKING Corp Ltd Has $14.85 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

OVERSEA CHINESE BANKING Corp Ltd lowered its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 69.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 119,083 shares of the semiconductor manufacturer’s stock after selling 270,992 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Advanced Micro Devices were worth $14,850,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Bedell Frazier Investment Counselling LLC increased its holdings in shares of Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after purchasing an additional 74 shares during the last quarter. NCM Capital Management LLC grew its stake in Advanced Micro Devices by 0.9% in the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock valued at $1,420,000 after buying an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in Advanced Micro Devices by 15.2% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after acquiring an additional 76 shares during the period. Northeast Financial Consultants Inc lifted its position in Advanced Micro Devices by 2.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock worth $479,000 after acquiring an additional 81 shares during the last quarter. Finally, Abel Hall LLC boosted its holdings in shares of Advanced Micro Devices by 4.6% during the third quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer’s stock worth $304,000 after acquiring an additional 82 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $103.51 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $187.69. The company has a market capitalization of $167.74 billion, a P/E ratio of 104.56, a PEG ratio of 1.11 and a beta of 1.74. The company has a fifty day moving average price of $111.08 and a 200-day moving average price of $132.53.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Susquehanna lowered their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. Wedbush reissued an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Argus set a $160.00 price target on shares of Advanced Micro Devices in a research note on Thursday, February 6th. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Melius Research reaffirmed a “hold” rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.14.

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.