ZWJ Investment Counsel Inc. Acquires 1,070 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

ZWJ Investment Counsel Inc. lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 73.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,532 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,070 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Advanced Micro Devices were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AMD. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Advanced Micro Devices by 89.0% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock worth $336,000 after purchasing an additional 974 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Advanced Micro Devices by 21.1% during the second quarter. 1832 Asset Management L.P. now owns 166,063 shares of the semiconductor manufacturer’s stock worth $26,937,000 after purchasing an additional 28,961 shares during the period. Public Sector Pension Investment Board grew its position in Advanced Micro Devices by 73.7% during the second quarter. Public Sector Pension Investment Board now owns 62,107 shares of the semiconductor manufacturer’s stock worth $10,074,000 after buying an additional 26,346 shares in the last quarter. Evergreen Capital Management LLC grew its position in Advanced Micro Devices by 6.2% during the second quarter. Evergreen Capital Management LLC now owns 10,695 shares of the semiconductor manufacturer’s stock worth $1,735,000 after buying an additional 622 shares in the last quarter. Finally, Samlyn Capital LLC grew its position in Advanced Micro Devices by 30.2% during the second quarter. Samlyn Capital LLC now owns 911,763 shares of the semiconductor manufacturer’s stock worth $147,897,000 after buying an additional 211,348 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In other news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,036 shares of company stock valued at $28,165,821 in the last ninety days. 0.65% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on AMD. Loop Capital began coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target on the stock. UBS Group reduced their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Citigroup reduced their price target on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Finally, KeyCorp reduced their target price on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.71.

Advanced Micro Devices Stock Up 0.7 %

Shares of AMD opened at $122.28 on Wednesday. The company has a market capitalization of $198.44 billion, a PE ratio of 110.16, a PEG ratio of 1.07 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The stock’s 50-day moving average price is $129.42 and its two-hundred day moving average price is $144.76. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 EPS. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 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.