Advisors Management Group Inc. ADV Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advisors Management Group Inc. ADV raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,940 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,989 shares during the quarter. Advisors Management Group Inc. ADV’s holdings in Advanced Micro Devices were worth $4,704,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AMD. Burney Co. purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth $357,000. Apella Capital LLC grew its position in Advanced Micro Devices by 2.3% during the 4th quarter. Apella Capital LLC now owns 4,713 shares of the semiconductor manufacturer’s stock worth $569,000 after purchasing an additional 105 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Advanced Micro Devices by 17.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,273 shares of the semiconductor manufacturer’s stock valued at $637,000 after buying an additional 768 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Advanced Micro Devices by 1.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,540,685 shares of the semiconductor manufacturer’s stock worth $1,031,629,000 after buying an additional 119,919 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its holdings in Advanced Micro Devices by 18.7% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 44,766 shares of the semiconductor manufacturer’s stock worth $5,407,000 after acquiring an additional 7,046 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMD. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. UBS Group decreased their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Evercore ISI lifted their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley decreased their price objective on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, HSBC restated a “reduce” rating and issued a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $179.68.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $119.96 on Thursday. The firm’s 50-day moving average is $131.60 and its two-hundred day moving average is $145.95. The company has a market capitalization of $194.67 billion, a PE ratio of 108.07, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the company earned $0.53 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

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.