EULAV Asset Management Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

EULAV Asset Management increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.4% in the 4th quarter, HoldingsChannel reports. The fund owned 224,000 shares of the semiconductor manufacturer’s stock after purchasing an additional 44,000 shares during the quarter. EULAV Asset Management’s holdings in Advanced Micro Devices were worth $27,057,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Marcum Wealth LLC raised its stake in shares of Advanced Micro Devices by 9.8% in the 3rd quarter. Marcum Wealth LLC now owns 3,444 shares of the semiconductor manufacturer’s stock valued at $565,000 after acquiring an additional 307 shares during the period. Cypress Wealth Services LLC acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $210,000. UMB Bank n.a. raised its position in Advanced Micro Devices by 3.2% in the third quarter. UMB Bank n.a. now owns 15,874 shares of the semiconductor manufacturer’s stock valued at $2,605,000 after purchasing an additional 490 shares during the period. Pinnacle Bancorp Inc. lifted its stake in Advanced Micro Devices by 27.1% during the third quarter. Pinnacle Bancorp Inc. now owns 745 shares of the semiconductor manufacturer’s stock worth $122,000 after purchasing an additional 159 shares in the last quarter. Finally, Private Advisory Group LLC boosted its position in shares of Advanced Micro Devices by 25.9% during the third quarter. Private Advisory Group LLC now owns 72,289 shares of the semiconductor manufacturer’s stock worth $11,861,000 after buying an additional 14,854 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is owned by insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $107.56 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The firm has a market cap of $174.55 billion, a price-to-earnings ratio of 96.90, a PEG ratio of 1.03 and a beta of 1.66. The stock’s 50-day moving average is $124.01 and its two-hundred day moving average is $140.18.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Analysts predict that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Roth Mkm reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Friday, October 11th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Stifel Nicolaus decreased their price target on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Citigroup downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $158.70.

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.