Evoke Wealth LLC Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Evoke Wealth LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 57.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,260 shares of the semiconductor manufacturer’s stock after buying an additional 3,728 shares during the period. Evoke Wealth LLC’s holdings in Advanced Micro Devices were worth $1,239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of AMD. Van ECK Associates Corp boosted its position in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after buying an additional 2,238,866 shares during the period. State Street Corp boosted its position in shares of Advanced Micro Devices by 2.3% during the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock worth $11,513,538,000 after buying an additional 1,580,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Advanced Micro Devices by 8.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock worth $3,195,000,000 after buying an additional 1,565,083 shares during the period. Alecta Tjanstepension Omsesidigt purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth $165,952,000. Finally, Clear Street Derivatives LLC acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at $110,496,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices Price Performance

Shares of AMD opened at $103.51 on Wednesday. Advanced Micro Devices, Inc. has a twelve month low of $94.73 and a twelve month high of $187.69. The stock’s 50 day moving average is $111.08 and its two-hundred day moving average is $132.53. The firm has a market capitalization of $167.74 billion, a PE ratio of 104.56, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on AMD shares. UBS Group set a $175.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Morgan Stanley set a $137.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Bank of America reduced their price objective on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 5th. Finally, Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.14.

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.