EULAV Asset Management Purchases 56,000 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

EULAV Asset Management boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 45.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,000 shares of the semiconductor manufacturer's stock after buying an additional 56,000 shares during the quarter. EULAV Asset Management's holdings in Advanced Micro Devices were worth $29,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Semmax Financial Advisors Inc. grew its position in Advanced Micro Devices by 926.7% during the 1st quarter. Semmax Financial Advisors Inc. now owns 154 shares of the semiconductor manufacturer's stock worth $28,000 after purchasing an additional 139 shares during the last quarter. Creative Capital Management Investments LLC raised its position in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock worth $25,000 after acquiring an additional 86 shares during the period. ZRC Wealth Management LLC grew its stake in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Fairway Wealth LLC purchased a new position in shares of Advanced Micro Devices during the 2nd quarter worth $27,000. Finally, Morton Brown Family Wealth LLC grew its stake in shares of Advanced Micro Devices by 94.4% in the 2nd quarter. Morton Brown Family Wealth LLC now owns 175 shares of the semiconductor manufacturer's stock valued at $27,000 after buying an additional 85 shares during the period. Institutional investors own 71.34% of the company's stock.

Insider Activity

In related news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.65% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AMD. TD Cowen reduced their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. StockNews.com lowered shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, July 31st. Bank of America reaffirmed a "buy" rating and set a $180.00 price target on shares of Advanced Micro Devices in a research note on Thursday, October 3rd. Roth Mkm reaffirmed a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Finally, Edward Jones began coverage on shares of Advanced Micro Devices in a research report on Tuesday, August 20th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $192.79.

Advanced Micro Devices Trading Down 1.3 %

Shares of AMD traded down $1.79 during mid-day trading on Wednesday, reaching $137.60. The company's stock had a trading volume of 28,672,194 shares, compared to its average volume of 55,271,832. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $116.37 and a 52 week high of $227.30. The company's fifty day moving average price is $154.46 and its two-hundred day moving average price is $154.95. The stock has a market cap of $223.30 billion, a PE ratio of 124.19, a P/E/G ratio of 1.87 and a beta of 1.71.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm's revenue for the quarter was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.53 earnings per share for the current fiscal year.

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.