CANADA LIFE ASSURANCE Co Acquires 29,975 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

CANADA LIFE ASSURANCE Co boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,631,680 shares of the semiconductor manufacturer's stock after purchasing an additional 29,975 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.10% of Advanced Micro Devices worth $197,000,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AMD. KLP Kapitalforvaltning AS acquired a new position in Advanced Micro Devices during the fourth quarter worth $65,897,000. Enzi Wealth acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $569,000. Welch Group LLC raised its holdings in shares of Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock valued at $6,179,000 after purchasing an additional 2,981 shares during the period. Stonegate Investment Group LLC lifted its stake in Advanced Micro Devices by 39.5% in the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock valued at $61,896,000 after purchasing an additional 145,067 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in Advanced Micro Devices by 19.8% during the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock worth $212,943,000 after purchasing an additional 289,110 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wedbush reaffirmed an "outperform" rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a report on Thursday, February 6th. UBS Group cut their target price on shares of Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday. Jefferies Financial Group cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price target for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Finally, Stifel Nicolaus decreased their target price on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average target price of $144.90.

Advanced Micro Devices Trading Down 0.9 %

Shares of NASDAQ:AMD traded down $0.79 during mid-day trading on Friday, hitting $87.50. The company had a trading volume of 34,685,670 shares, compared to its average volume of 43,016,706. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one 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 $141.42 billion, a PE ratio of 88.38, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The firm has a fifty day moving average price of $100.93 and a 200 day moving average price of $123.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting 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, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Transactions at Advanced Micro Devices

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

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.