Bank Julius Baer & Co. Ltd Zurich Has $48.21 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 32.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 327,058 shares of the semiconductor manufacturer’s stock after selling 155,214 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Advanced Micro Devices were worth $48,212,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in AMD. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth about $26,000. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices in the 3rd quarter worth about $27,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $29,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $30,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Advanced Micro Devices by 54.8% in the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 109 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Cantor Fitzgerald reiterated an “overweight” rating and set a $190.00 price target on shares of Advanced Micro Devices in a research report on Monday, March 4th. DZ Bank reiterated a “hold” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Roth Mkm upped their price target on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Evercore ISI assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Insider Buying and Selling

In related news, insider Victor Peng sold 100,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 341,143 shares of company stock worth $62,580,844. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $2.02 on Thursday, reaching $153.76. 41,077,391 shares of the company’s stock were exchanged, compared to its average volume of 73,156,063. The company has a fifty day moving average of $178.25 and a 200-day moving average of $149.89. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a market capitalization of $248.50 billion, a price-to-earnings ratio of 292.93, a PEG ratio of 2.32 and a beta of 1.64. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS 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.