Crake Asset Management LLP Buys 302,000 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Crake Asset Management LLP raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,652,945 shares of the semiconductor manufacturer's stock after purchasing an additional 302,000 shares during the quarter. Advanced Micro Devices comprises 21.5% of Crake Asset Management LLP's holdings, making the stock its 2nd biggest position. Crake Asset Management LLP owned approximately 0.10% of Advanced Micro Devices worth $199,659,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Alta Advisers Ltd boosted its position in Advanced Micro Devices by 22.5% in the fourth quarter. Alta Advisers Ltd now owns 5,392 shares of the semiconductor manufacturer's stock valued at $651,000 after buying an additional 992 shares during the last quarter. FSA Wealth Management LLC lifted its stake in Advanced Micro Devices by 56.7% during the 4th quarter. FSA Wealth Management LLC now owns 387 shares of the semiconductor manufacturer's stock valued at $47,000 after acquiring an additional 140 shares during the period. SIH Partners LLLP acquired a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $1,352,000. Vectors Research Management LLC boosted its holdings in shares of Advanced Micro Devices by 1.7% in the 4th quarter. Vectors Research Management LLC now owns 8,641 shares of the semiconductor manufacturer's stock valued at $1,044,000 after acquiring an additional 147 shares during the last quarter. Finally, TD Waterhouse Canada Inc. increased its stake in shares of Advanced Micro Devices by 32.4% in the fourth quarter. TD Waterhouse Canada Inc. now owns 136,011 shares of the semiconductor manufacturer's stock worth $16,429,000 after acquiring an additional 33,295 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of the company's stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated 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 sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at $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 currently owned by corporate insiders.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. 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. Susquehanna reduced their price target on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a research report on Thursday. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Jefferies Financial Group lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their target price for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Finally, Benchmark reissued a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $140.57.

Advanced Micro Devices Trading Up 2.3 %

Shares of Advanced Micro Devices stock traded up $2.17 during trading hours on Friday, hitting $96.64. The company's stock had a trading volume of 28,515,570 shares, compared to its average volume of 42,808,011. The firm has a fifty day moving average of $99.07 and a 200-day moving average of $121.42. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market cap of $156.20 billion, a price-to-earnings ratio of 97.62, a P/E/G ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28.

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

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.