Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Power Corp of Canada

Power Corp of Canada grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 31.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 90,669 shares of the semiconductor manufacturer’s stock after buying an additional 21,863 shares during the period. Advanced Micro Devices accounts for about 1.4% of Power Corp of Canada’s holdings, making the stock its 9th biggest holding. Power Corp of Canada’s holdings in Advanced Micro Devices were worth $13,366,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Addison Advisors LLC increased its stake in shares of Advanced Micro Devices by 41.9% in the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after buying an additional 62 shares during the period. Schear Investment Advisers LLC boosted its position in shares of Advanced Micro Devices by 0.4% during the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock valued at $2,323,000 after purchasing an additional 64 shares in the last quarter. Fiduciary Group LLC boosted its position in shares of Advanced Micro Devices by 2.7% during the 4th quarter. Fiduciary Group LLC now owns 2,516 shares of the semiconductor manufacturer’s stock valued at $371,000 after purchasing an additional 65 shares in the last quarter. Checchi Capital Advisers LLC boosted its position in shares of Advanced Micro Devices by 0.6% during the 4th quarter. Checchi Capital Advisers LLC now owns 10,585 shares of the semiconductor manufacturer’s stock valued at $1,560,000 after purchasing an additional 66 shares in the last quarter. Finally, EWA LLC boosted its position in shares of Advanced Micro Devices by 4.0% during the 4th quarter. EWA LLC now owns 1,826 shares of the semiconductor manufacturer’s stock valued at $269,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders sold 157,400 shares of company stock valued at $30,077,126 over the last ninety days. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $1.38 during trading hours on Tuesday, reaching $158.96. The stock had a trading volume of 40,443,568 shares, compared to its average volume of 66,843,648. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The stock has a 50 day simple moving average of $160.48 and a 200 day simple moving average of $162.16. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The stock has a market cap of $256.93 billion, a P/E ratio of 233.76, a price-to-earnings-growth ratio of 1.93 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the business posted $0.43 earnings per share. The business’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AMD shares. Citigroup cut their target price on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Roth Mkm cut their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Benchmark cut their price target on Advanced Micro Devices from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday, May 2nd. StockNews.com upgraded Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Friday. Finally, Mizuho cut their price target on Advanced Micro Devices from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $185.68.

Read Our Latest Analysis on Advanced Micro Devices

Advanced Micro Devices Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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