Cypress Capital Group Raises Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Cypress Capital Group boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 58.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,489 shares of the semiconductor manufacturer's stock after purchasing an additional 6,109 shares during the period. Cypress Capital Group's holdings in Advanced Micro Devices were worth $1,992,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of AMD. Charles Schwab Investment Management Inc. lifted its position in shares of Advanced Micro Devices by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. Swiss National Bank lifted its position in shares of Advanced Micro Devices by 0.3% during the third quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after acquiring an additional 12,500 shares in the last quarter. Shum Financial Group Inc. purchased a new stake in shares of Advanced Micro Devices during the third quarter worth $858,000. State Street Corp lifted its position in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Advanced Micro Devices by 1.3% during the third quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after acquiring an additional 441,924 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Up 0.9 %

Shares of NASDAQ AMD traded up $0.92 on Wednesday, reaching $101.67. 27,810,902 shares of the company's stock traded hands, compared to its average volume of 40,447,625. Advanced Micro Devices, Inc. has a 12 month low of $95.89 and a 12 month high of $227.30. The business's 50 day simple moving average is $115.41 and its two-hundred day simple moving average is $135.92. The company has a market cap of $164.75 billion, a price-to-earnings ratio of 102.70, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. 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 (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, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, 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 hyperlink. 0.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMD shares. Loop Capital started coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price target on the stock. Citigroup reaffirmed a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Stifel Nicolaus reduced their target price on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Benchmark reissued a "buy" rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Finally, Melius cut Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their target price for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $155.83.

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.