EFG Asset Management North America Corp. Boosts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

EFG Asset Management North America Corp. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,322 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,916 shares during the quarter. EFG Asset Management North America Corp.’s holdings in Advanced Micro Devices were worth $2,696,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AMD. CoreFirst Bank & Trust purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at $227,000. Zevenbergen Capital Investments LLC increased its holdings in Advanced Micro Devices by 2.0% in the 4th quarter. Zevenbergen Capital Investments LLC now owns 1,044,000 shares of the semiconductor manufacturer’s stock valued at $126,105,000 after purchasing an additional 20,184 shares in the last quarter. Lynx Investment Advisory raised its position in Advanced Micro Devices by 6.5% in the fourth quarter. Lynx Investment Advisory now owns 2,221 shares of the semiconductor manufacturer’s stock valued at $268,000 after purchasing an additional 136 shares during the period. Congress Wealth Management LLC DE lifted its stake in shares of Advanced Micro Devices by 44.7% during the fourth quarter. Congress Wealth Management LLC DE now owns 19,624 shares of the semiconductor manufacturer’s stock worth $2,370,000 after purchasing an additional 6,060 shares in the last quarter. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $120,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now 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 purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Up 0.8 %

Advanced Micro Devices stock opened at $114.81 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 one year low of $94.73 and a one year high of $187.28. The company has a 50-day simple moving average of $110.18 and a 200-day simple moving average of $131.46. The firm has a market capitalization of $186.05 billion, a P/E ratio of 115.97, a P/E/G ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last posted 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 net margin of 6.36% and a return on equity of 7.42%. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Mizuho reduced their price target on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Bank of America dropped their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Finally, HSBC reaffirmed a “reduce” rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $155.14.

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.