Brown Brothers Harriman & Co. Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Brown Brothers Harriman & Co. raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,066 shares of the semiconductor manufacturer’s stock after buying an additional 575 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Advanced Micro Devices were worth $1,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. DnB Asset Management AS grew its stake in shares of Advanced Micro Devices by 8.3% during the 4th quarter. DnB Asset Management AS now owns 454,269 shares of the semiconductor manufacturer’s stock valued at $54,871,000 after buying an additional 34,900 shares during the period. Hoertkorn Richard Charles grew its position in Advanced Micro Devices by 3.8% during the fourth quarter. Hoertkorn Richard Charles now owns 6,097 shares of the semiconductor manufacturer’s stock valued at $736,000 after acquiring an additional 225 shares during the period. Pictet Asset Management Holding SA increased its stake in Advanced Micro Devices by 3.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,705,588 shares of the semiconductor manufacturer’s stock worth $568,388,000 after acquiring an additional 158,538 shares during the last quarter. X Square Capital LLC lifted its stake in shares of Advanced Micro Devices by 12.7% in the 4th quarter. X Square Capital LLC now owns 36,530 shares of the semiconductor manufacturer’s stock valued at $4,412,000 after purchasing an additional 4,124 shares in the last quarter. Finally, New Age Alpha Advisors LLC lifted its stake in shares of Advanced Micro Devices by 0.6% in the 4th quarter. New Age Alpha Advisors LLC now owns 28,899 shares of the semiconductor manufacturer’s stock valued at $3,491,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $103.22 on Monday. The stock has a market capitalization of $167.27 billion, a PE ratio of 104.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The business’s fifty day moving average price is $109.39 and its 200 day moving average price is $130.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28.

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

Analyst Upgrades and Downgrades

AMD has been the topic of several research reports. UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. DZ Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price target for the company. in a report on Friday, February 7th. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Finally, Benchmark reiterated a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and an average target price of $152.72.

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.