Bellecapital International Ltd. Buys 45,975 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bellecapital International Ltd. boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 42.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 154,086 shares of the semiconductor manufacturer’s stock after acquiring an additional 45,975 shares during the period. Advanced Micro Devices accounts for 3.3% of Bellecapital International Ltd.’s investment portfolio, making the stock its 11th largest holding. Bellecapital International Ltd.’s holdings in Advanced Micro Devices were worth $18,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Creative Capital Management Investments LLC boosted its holdings in shares of Advanced Micro Devices by 124.6% during the 3rd quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares in the last quarter. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $29,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $32,000. 71.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Stifel Nicolaus cut their price target on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. TD Cowen cut their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Mizuho lowered their target price on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.83.

Insider Activity

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost 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 in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 0.3 %

Advanced Micro Devices stock opened at $99.81 on Friday. Advanced Micro Devices, Inc. has a twelve month low of $98.69 and a twelve month high of $227.30. The firm has a 50 day moving average price of $116.94 and a 200-day moving average price of $136.87. The company has a market capitalization of $161.74 billion, a P/E ratio of 100.82, a P/E/G ratio of 1.11 and a beta of 1.65. 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 (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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.