Union Bancaire Privee UBP SA Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Union Bancaire Privee UBP SA purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 290,880 shares of the semiconductor manufacturer's stock, valued at approximately $34,366,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in Advanced Micro Devices by 5.7% during the second quarter. AQR Capital Management LLC now owns 294,567 shares of the semiconductor manufacturer's stock worth $47,782,000 after acquiring an additional 15,975 shares during the period. Mackenzie Financial Corp raised its position in shares of Advanced Micro Devices by 0.3% in the second quarter. Mackenzie Financial Corp now owns 201,976 shares of the semiconductor manufacturer's stock worth $32,763,000 after acquiring an additional 594 shares during the period. MidWestOne Financial Group Inc. grew its position in shares of Advanced Micro Devices by 7.4% during the 2nd quarter. MidWestOne Financial Group Inc. now owns 1,247 shares of the semiconductor manufacturer's stock valued at $202,000 after acquiring an additional 86 shares during the period. Ascent Group LLC raised its holdings in Advanced Micro Devices by 9.2% in the 2nd quarter. Ascent Group LLC now owns 24,401 shares of the semiconductor manufacturer's stock worth $3,958,000 after purchasing an additional 2,053 shares during the period. Finally, Aviso Wealth Management grew its holdings in Advanced Micro Devices by 9.8% in the second quarter. Aviso Wealth Management now owns 4,001 shares of the semiconductor manufacturer's stock valued at $649,000 after purchasing an additional 358 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 80,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last three months. 0.73% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMD. Morgan Stanley dropped their price target on shares of Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Wolfe Research cut shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. UBS Group cut their price objective 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. Finally, Wells Fargo & Company decreased their target price on Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.33.

Advanced Micro Devices Trading Down 6.3 %

Shares of NASDAQ:AMD traded down $7.79 during midday trading on Monday, reaching $115.05. 60,841,785 shares of the company's stock were exchanged, compared to its average volume of 39,229,813. The firm's 50 day simple moving average is $128.12 and its two-hundred day simple moving average is $143.21. The stock has a market cap of $186.71 billion, a price-to-earnings ratio of 103.65, a P/E/G ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $112.80 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the previous year, the company earned $0.53 earnings per share. The firm's quarterly revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS 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.