Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 18.2% in the fourth quarter, HoldingsChannel reports. The firm owned 629,024 shares of the semiconductor manufacturer’s stock after purchasing an additional 96,772 shares during the quarter. Vontobel Holding Ltd.’s holdings in Advanced Micro Devices were worth $92,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $1,252,070,000. Moneta Group Investment Advisors LLC grew its position in Advanced Micro Devices by 105,415.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock valued at $552,275,000 after purchasing an additional 8,518,629 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Advanced Micro Devices during the 1st quarter valued at about $777,111,000. Northern Trust Corp lifted its position in shares of Advanced Micro Devices by 35.5% during the 1st quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock worth $1,868,258,000 after purchasing an additional 4,475,368 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Advanced Micro Devices by 15,896.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Trading Down 4.2 %

NASDAQ AMD traded down $7.22 on Friday, reaching $163.28. The company had a trading volume of 63,519,643 shares, compared to its average volume of 61,961,484. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The stock has a market cap of $263.88 billion, a price-to-earnings ratio of 314.01, a PEG ratio of 2.49 and a beta of 1.64. The stock’s 50 day moving average is $181.15 and its 200-day moving average is $147.02.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period last year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMD. Citigroup boosted their target price on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. New Street Research raised Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upped their price target on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. UBS Group lifted their price objective on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $190.00 target price on shares of Advanced Micro Devices in a research note on Monday, March 4th. Four analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $181.52.

Insiders Place Their Bets

In related news, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $175.94, for a total value of $10,432,010.42. Following the completion of the transaction, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at approximately $45,513,918.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 324,943 shares of company stock worth $59,919,994. Company insiders own 0.73% of the company’s stock.

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.