Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Zevenbergen Capital Investments LLC

Zevenbergen Capital Investments LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,044,000 shares of the semiconductor manufacturer's stock after purchasing an additional 20,184 shares during the quarter. Advanced Micro Devices comprises about 2.6% of Zevenbergen Capital Investments LLC's holdings, making the stock its 11th largest holding. Zevenbergen Capital Investments LLC owned 0.06% of Advanced Micro Devices worth $126,105,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its position 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 buying an additional 2,238,866 shares during the period. State Street Corp increased its stake in Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock worth $11,513,538,000 after acquiring an additional 1,580,035 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Advanced Micro Devices by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer's stock worth $3,195,000,000 after purchasing an additional 1,565,083 shares during the period. Vanguard Group Inc. grew its holdings in shares of Advanced Micro Devices by 1.0% during the 4th 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 period. Finally, Alecta Tjanstepension Omsesidigt acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $165,952,000. Hedge funds and other institutional investors own 71.34% of the company's stock.

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Analyst Upgrades and Downgrades

AMD has been the topic of a number of recent analyst reports. KeyCorp decreased their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded Advanced Micro Devices from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. TD Cowen decreased their target price on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a research note on Monday, January 13th. Stifel Nicolaus lowered their price target on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Finally, Benchmark reissued a "buy" rating and set a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and a consensus price target of $152.72.

Insiders Place Their Bets

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were bought 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 owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock traded down $3.54 during trading on Thursday, reaching $106.65. The company's stock had a trading volume of 32,729,927 shares, compared to its average volume of 43,129,809. The business has a 50 day moving average price of $109.75 and a 200-day moving average price of $131.14. The company has a market capitalization of $172.82 billion, a P/E ratio of 107.73, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.