Zevenbergen Capital Investments LLC Has $126.11 Million Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Zevenbergen Capital Investments LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,044,000 shares of the semiconductor manufacturer’s stock after purchasing an additional 20,184 shares during the quarter. Advanced Micro Devices accounts for approximately 2.6% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 11th largest holding. Zevenbergen Capital Investments LLC’s holdings in Advanced Micro Devices were worth $126,105,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices during the 4th quarter worth approximately $32,000. Finally, IAG Wealth Partners LLC grew its holdings in shares of Advanced Micro Devices by 74.7% during the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock worth $33,000 after purchasing an additional 118 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Susquehanna decreased their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Bank of America cut their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Barclays dropped their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $155.14.

Advanced Micro Devices Trading Down 0.7 %

NASDAQ AMD opened at $106.44 on Monday. The company has a fifty day moving average of $110.28 and a 200 day moving average of $131.78. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market capitalization of $172.48 billion, a PE ratio of 107.52, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.73% of the stock is owned by insiders.

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.