GAM Holding AG Purchases 11,273 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

GAM Holding AG lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 35.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 43,024 shares of the semiconductor manufacturer's stock after purchasing an additional 11,273 shares during the quarter. GAM Holding AG's holdings in Advanced Micro Devices were worth $5,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Capital Management Investments LLC lifted its stake in Advanced Micro Devices by 124.6% in the 3rd 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 in the last quarter. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the 4th quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth about $32,000. Compass Financial Services Inc purchased a new stake in Advanced Micro Devices in the 4th quarter worth about $39,000. Finally, FSA Wealth Management LLC purchased a new stake in Advanced Micro Devices in the 3rd quarter worth about $41,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

AMD traded down $3.33 during midday trading on Friday, reaching $110.84. The company's stock had a trading volume of 41,194,513 shares, compared to its average volume of 40,816,133. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The stock has a market cap of $179.61 billion, a P/E ratio of 111.96, a PEG ratio of 1.15 and a beta of 1.65. The company has a fifty day simple moving average of $118.84 and a 200 day simple moving average of $137.94. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data 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 return on equity of 7.42% and a net margin of 6.36%. Research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the business's stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMD has been the subject of several research analyst reports. DZ Bank downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price objective for the company. in a research note on Friday, February 7th. Barclays cut their price target on Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. UBS Group cut their price target on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Mizuho cut their price target on Advanced Micro Devices from $160.00 to $140.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Finally, Citigroup downgraded Advanced Micro Devices from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and an average price target of $158.70.

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.