Captrust Financial Advisors Has $9.46 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Captrust Financial Advisors grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 78,273 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,592 shares during the period. Captrust Financial Advisors’ holdings in Advanced Micro Devices were worth $9,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in Advanced Micro Devices in the fourth quarter valued at $2,867,193,000. Kovitz Investment Group Partners LLC increased its position in shares of Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock worth $364,459,000 after purchasing an additional 2,889,739 shares in the last quarter. Northern Trust Corp lifted its holdings in Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock valued at $2,072,215,000 after purchasing an additional 2,874,012 shares during the last quarter. Van ECK Associates Corp boosted its position in Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after buying an additional 2,238,866 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after buying an additional 1,441,626 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is owned by insiders.

Advanced Micro Devices Stock Up 1.9 %

Shares of Advanced Micro Devices stock opened at $100.54 on Thursday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market capitalization of $162.50 billion, a P/E ratio of 101.55, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The business has a 50-day moving average of $97.30 and a two-hundred day moving average of $117.39.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. During the same period last year, the company posted $0.62 EPS. The business’s quarterly revenue was up 35.9% on a year-over-year basis. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on AMD. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, April 16th. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their target price for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. Morgan Stanley cut their price target on Advanced Micro Devices from $137.00 to $121.00 and set an “equal weight” rating for the company in a report on Wednesday. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Finally, Melius cut shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price objective for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.19.

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.