Waverton Investment Management Ltd Acquires 61,834 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Waverton Investment Management Ltd raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,526,942 shares of the semiconductor manufacturer’s stock after purchasing an additional 61,834 shares during the quarter. Advanced Micro Devices accounts for about 2.9% of Waverton Investment Management Ltd’s investment portfolio, making the stock its 16th biggest holding. Waverton Investment Management Ltd owned 0.09% of Advanced Micro Devices worth $184,447,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AMD. Creative Capital Management Investments LLC raised its stake in 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 acquiring an additional 86 shares during the period. Bear Mountain Capital Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the fourth quarter worth $26,000. FSA Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth about $32,000. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by insiders.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $110.84 on Monday. The firm has a market cap of $179.61 billion, a P/E ratio of 111.96, a P/E/G ratio of 1.15 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30. The business’s 50 day moving average price is $118.84 and its 200 day moving average price is $138.06. 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 quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday. Stifel Nicolaus decreased their price objective on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. KeyCorp cut their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices 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.