Kovitz Investment Group Partners LLC Boosts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Kovitz Investment Group Partners LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2,265.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,017,294 shares of the semiconductor manufacturer's stock after acquiring an additional 2,889,739 shares during the period. Advanced Micro Devices makes up approximately 1.2% of Kovitz Investment Group Partners LLC's portfolio, making the stock its 27th biggest position. Kovitz Investment Group Partners LLC owned approximately 0.19% of Advanced Micro Devices worth $364,459,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Segment Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 0.5% during the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock valued at $1,937,000 after purchasing an additional 87 shares during the period. Breakwater Capital Group increased its position in Advanced Micro Devices by 5.2% in the 4th quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer's stock valued at $213,000 after buying an additional 88 shares in the last quarter. Koshinski Asset Management Inc. raised its stake in Advanced Micro Devices by 1.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after buying an additional 91 shares during the period. TFG Advisers LLC boosted its holdings in Advanced Micro Devices by 2.0% in the fourth quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock worth $573,000 after acquiring an additional 92 shares in the last quarter. Finally, BSW Wealth Partners grew its stake in Advanced Micro Devices by 1.1% in the fourth quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock valued at $1,068,000 after acquiring an additional 94 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of AMD stock traded up $2.17 on Friday, hitting $96.64. 28,515,570 shares of the stock were exchanged, compared to its average volume of 42,814,596. The firm's 50 day moving average is $98.72 and its two-hundred day moving average is $120.55. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The firm has a market capitalization of $156.20 billion, a PE ratio of 97.62, a P/E/G ratio of 1.11 and a beta of 1.89. 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 posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Evercore ISI lowered their target price on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday, April 17th. Loop Capital started coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a "buy" rating and a $175.00 price objective on the stock. Susquehanna reduced their price objective on shares of Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating for the company in a report on Thursday. Wells Fargo & Company lowered their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Melius Research reiterated a "hold" rating and set a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $140.57.

Insiders Place Their Bets

In other news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was purchased 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 in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the business's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $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 owned by insiders.

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.