Maytree Asset Management Ltd Acquires Shares of 9,100 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Maytree Asset Management Ltd bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,100 shares of the semiconductor manufacturer's stock, valued at approximately $1,099,000. Advanced Micro Devices comprises about 2.5% of Maytree Asset Management Ltd's portfolio, making the stock its 4th biggest holding.

Other large investors have also added to or reduced their stakes in the company. Jacobsen Capital Management boosted its position in shares of Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer's stock valued at $554,000 after acquiring an additional 70 shares during the period. Sigma Investment Counselors Inc. boosted its holdings in Advanced Micro Devices by 5.3% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer's stock valued at $243,000 after purchasing an additional 74 shares during the period. Bedell Frazier Investment Counselling LLC grew its position in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer's stock worth $292,000 after purchasing an additional 74 shares in the last quarter. TFG Advisers LLC increased its holdings in shares of Advanced Micro Devices by 1.6% during the third quarter. TFG Advisers LLC now owns 4,649 shares of the semiconductor manufacturer's stock worth $763,000 after purchasing an additional 75 shares during the period. Finally, Rosenberg Matthew Hamilton raised its position in shares of Advanced Micro Devices by 3.9% in the third quarter. Rosenberg Matthew Hamilton now owns 1,992 shares of the semiconductor manufacturer's stock valued at $327,000 after buying an additional 75 shares in the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AMD shares. Wells Fargo & Company dropped their price objective on Advanced Micro Devices from $165.00 to $140.00 and set an "overweight" rating for the company in a report on Wednesday, February 5th. Argus upgraded shares of Advanced Micro Devices to a "strong-buy" rating in a research note on Thursday, February 6th. Bank of America dropped their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Evercore ISI increased their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, Mizuho lowered their price objective on shares of Advanced Micro Devices from $160.00 to $140.00 and set an "outperform" rating for the company in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $158.70.

Advanced Micro Devices Trading Down 2.9 %

Shares of NASDAQ:AMD traded down $3.29 during midday trading on Friday, reaching $110.88. The company's stock had a trading volume of 34,951,271 shares, compared to its average volume of 40,541,477. The firm has a 50 day moving average price of $119.16 and a two-hundred day moving average price of $138.11. Advanced Micro Devices, Inc. has a fifty-two week low of $106.50 and a fifty-two week high of $227.30. The firm has a market capitalization of $179.68 billion, a price-to-earnings ratio of 112.00, a PEG ratio of 1.15 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly 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 return on equity of 7.42% and a net margin of 6.36%. As a group, analysts forecast 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 the company's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, 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 disclosure for this purchase can be found here. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices 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.