Industrial Alliance Investment Management Inc. Has $764,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Industrial Alliance Investment Management Inc. raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,231 shares of the semiconductor manufacturer’s stock after acquiring an additional 120 shares during the quarter. Industrial Alliance Investment Management Inc.’s holdings in Advanced Micro Devices were worth $764,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Addison Advisors LLC boosted its stake in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after purchasing an additional 62 shares during the last quarter. Prentice Wealth Management LLC boosted its stake in shares of Advanced Micro Devices by 1.6% in the 1st quarter. Prentice Wealth Management LLC now owns 3,938 shares of the semiconductor manufacturer’s stock valued at $711,000 after purchasing an additional 62 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Advanced Micro Devices by 0.9% in the 1st quarter. Revolve Wealth Partners LLC now owns 7,281 shares of the semiconductor manufacturer’s stock valued at $1,314,000 after purchasing an additional 63 shares during the last quarter. Schear Investment Advisers LLC boosted its stake in shares of Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares during the last quarter. Finally, Fiduciary Group LLC boosted its stake in shares of Advanced Micro Devices by 2.7% in the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,756 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares in the company, valued at $285,278,881.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the completion of the transaction, the executive vice president now directly owns 1,546,227 shares in the company, valued at $245,757,319.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark D. Papermaster sold 16,756 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $184.50, for a total transaction of $3,091,482.00. Following the completion of the transaction, the executive vice president now owns 1,546,227 shares of the company’s stock, valued at $285,278,881.50. The disclosure for this sale can be found here. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Susquehanna reissued a “positive” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research note on Thursday, July 25th. DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 target price on the stock in a research note on Tuesday, May 7th. UBS Group cut their target price on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Benchmark cut their target price on shares of Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Finally, Cantor Fitzgerald increased their target price on shares of Advanced Micro Devices from $170.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 16th. Four analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $193.07.

Advanced Micro Devices Stock Down 0.9 %

Shares of AMD stock traded down $1.31 on Tuesday, hitting $138.44. The stock had a trading volume of 68,064,424 shares, compared to its average volume of 63,489,273. The business has a 50 day moving average of $162.59 and a 200 day moving average of $168.32. The stock has a market cap of $223.76 billion, a price-to-earnings ratio of 200.34, a price-to-earnings-growth ratio of 1.62 and a beta of 1.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.64 and a quick ratio of 1.92. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The business had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the company posted $0.40 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.6 EPS for the current year.

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.