Banco Santander S.A. Buys 14,743 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Banco Santander S.A. lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,257 shares of the semiconductor manufacturer’s stock after purchasing an additional 14,743 shares during the period. Banco Santander S.A.’s holdings in Advanced Micro Devices were worth $12,472,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Bear Mountain Capital Inc. bought a new position in shares of Advanced Micro Devices in the 4th quarter worth $25,000. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices in the fourth quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices during the fourth quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $32,000. Finally, Compass Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on AMD shares. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Melius Research reissued a “hold” rating and set a $129.00 price target (down from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Finally, Mizuho decreased their target price on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have given a strong 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 $155.83.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 1.5 %

NASDAQ:AMD opened at $100.31 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The firm has a market cap of $162.55 billion, a P/E ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a fifty-two week low of $95.89 and a fifty-two week high of $227.30. The firm has a 50-day simple moving average of $114.39 and a two-hundred day simple moving average of $135.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

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.