Operose Advisors LLC Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Operose Advisors LLC lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 71.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,261 shares of the semiconductor manufacturer's stock after buying an additional 3,444 shares during the period. Operose Advisors LLC's holdings in Advanced Micro Devices were worth $998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of AMD. Norges Bank bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $2,867,193,000. Van ECK Associates Corp boosted its holdings in shares of Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer's stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Advanced Micro Devices by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock worth $18,143,884,000 after purchasing an additional 1,441,626 shares during the last quarter. Alecta Tjanstepension Omsesidigt purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $165,952,000. Finally, APG Asset Management N.V. increased its stake in Advanced Micro Devices by 675.9% in the 4th quarter. APG Asset Management N.V. now owns 1,546,529 shares of the semiconductor manufacturer's stock worth $180,401,000 after acquiring an additional 1,347,203 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on AMD shares. Wolfe Research lowered shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. Melius Research reissued a "hold" rating and issued a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Citigroup reaffirmed a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday. Bank of America reduced their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 5th. Finally, Jefferies Financial Group cut Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their target price for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, eleven 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $144.90.

Advanced Micro Devices Stock Down 0.9 %

Shares of NASDAQ AMD traded down $0.79 during trading hours on Friday, hitting $87.50. 34,685,670 shares of the stock were exchanged, compared to its average volume of 43,130,917. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The firm has a fifty day moving average price of $100.93 and a 200-day moving average price of $123.55. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market cap of $141.42 billion, a PE ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89.

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 net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.06% of the company's stock.

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.