GAMMA Investing LLC Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GAMMA Investing LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 24.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,031 shares of the semiconductor manufacturer’s stock after acquiring an additional 2,401 shares during the period. GAMMA Investing LLC’s holdings in Advanced Micro Devices were worth $2,171,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Advanced Micro Devices by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 142,445,378 shares of the semiconductor manufacturer’s stock worth $20,997,873,000 after purchasing an additional 2,390,558 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Advanced Micro Devices by 2.2% in the fourth quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after acquiring an additional 600,638 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Advanced Micro Devices by 10.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,675,684 shares of the semiconductor manufacturer’s stock worth $4,079,674,000 after purchasing an additional 2,553,392 shares in the last quarter. Jennison Associates LLC lifted its position in Advanced Micro Devices by 5.9% in the fourth quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. Finally, Norges Bank purchased a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $3,426,529,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded down $3.77 during trading hours on Wednesday, reaching $154.63. 51,852,033 shares of the stock were exchanged, compared to its average volume of 49,860,472. The stock has a market capitalization of $249.93 billion, a P/E ratio of 227.40, a P/E/G ratio of 1.83 and a beta of 1.69. The firm has a 50 day simple moving average of $159.18 and a 200-day simple moving average of $163.44. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on AMD. TD Cowen raised their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. UBS Group lowered their price objective on shares of Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, May 1st. Citigroup cut their target price on shares of Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Susquehanna upped their target price on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “positive” rating in a research note on Monday, June 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $190.83.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $158.94, for a total value of $2,574,828.00. Following the sale, the executive vice president now directly owns 1,546,227 shares in the company, valued at approximately $245,757,319.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.65% of the company’s stock.

Advanced Micro Devices Company 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.