BI Asset Management Fondsmaeglerselskab A S Takes $20.73 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 171,599 shares of the semiconductor manufacturer's stock, valued at approximately $20,727,000.

Other hedge funds have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in Advanced Micro Devices in the 4th quarter worth about $65,897,000. Enzi Wealth purchased a new stake in shares of Advanced Micro Devices in the 4th quarter valued at approximately $569,000. Welch Group LLC boosted its stake in Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after purchasing an additional 2,981 shares during the period. Stonegate Investment Group LLC raised its stake in Advanced Micro Devices by 39.5% during 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 period. Finally, Nordea Investment Management AB boosted its position in shares of Advanced Micro Devices by 19.8% in the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock worth $212,943,000 after buying an additional 289,110 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $87.50 on Friday. The stock has a 50-day simple moving average of $100.93 and a 200 day simple moving average of $123.55. The stock has a market capitalization of $141.42 billion, a price-to-earnings ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-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 (EPS) for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company's stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.06% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AMD shares. Melius Research reissued a "hold" rating and issued a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Barclays lowered their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Susquehanna lowered their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a report on Wednesday, February 5th. Bank of America cut their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a report on Wednesday, February 5th. Finally, Melius downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $144.90.

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.

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