Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMDGet Rating) by 48.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,919 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,257 shares during the period. Checchi Capital Advisers LLC’s holdings in Advanced Micro Devices were worth $1,085,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Advanced Micro Devices by 3.8% in the fourth quarter. BlackRock Inc. now owns 88,837,161 shares of the semiconductor manufacturer’s stock valued at $12,783,668,000 after purchasing an additional 3,277,446 shares during the period. State Street Corp grew its holdings in Advanced Micro Devices by 5.5% during the fourth quarter. State Street Corp now owns 47,680,903 shares of the semiconductor manufacturer’s stock worth $6,861,282,000 after acquiring an additional 2,487,113 shares during the period. Fisher Asset Management LLC grew its holdings in Advanced Micro Devices by 22.2% during the first quarter. Fisher Asset Management LLC now owns 24,387,801 shares of the semiconductor manufacturer’s stock worth $2,666,562,000 after acquiring an additional 4,431,251 shares during the period. Geode Capital Management LLC grew its holdings in Advanced Micro Devices by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 19,885,441 shares of the semiconductor manufacturer’s stock worth $2,853,395,000 after acquiring an additional 593,949 shares during the period. Finally, Norges Bank acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $1,423,132,000. 69.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays lowered their price target on Advanced Micro Devices from $115.00 to $85.00 and set an “equal weight” rating on the stock in a research report on Monday, July 11th. Susquehanna lowered their price target on Advanced Micro Devices from $140.00 to $120.00 and set a “positive” rating on the stock in a research report on Wednesday, July 13th. The Goldman Sachs Group reiterated a “buy” rating and set a $112.00 price target (up previously from $99.00) on shares of Advanced Micro Devices in a research report on Thursday. Mizuho lowered their price target on Advanced Micro Devices from $145.00 to $140.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on Advanced Micro Devices from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $125.93.

Advanced Micro Devices Stock Down 1.5 %

Shares of NASDAQ AMD opened at $102.31 on Friday. The company has a market capitalization of $165.16 billion, a price-to-earnings ratio of 42.99, a price-to-earnings-growth ratio of 0.94 and a beta of 1.96. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.44 and a quick ratio of 1.96. The business has a 50-day moving average of $88.51 and a two-hundred day moving average of $100.24. Advanced Micro Devices, Inc. has a 1 year low of $71.60 and a 1 year high of $164.46.

Advanced Micro Devices (NASDAQ:AMDGet Rating) last posted its earnings results on Tuesday, August 2nd. The semiconductor manufacturer reported $1.05 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.02. Advanced Micro Devices had a return on equity of 15.17% and a net margin of 14.51%. During the same period in the prior year, the company posted $0.58 earnings per share. On average, analysts forecast that Advanced Micro Devices, Inc. will post 3.97 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Paul Darren Grasby sold 32,694 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total value of $2,517,111.06. Following the sale, the executive vice president now owns 37,800 shares of the company’s stock, valued at approximately $2,910,222. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Advanced Micro Devices news, EVP Paul Darren Grasby sold 32,694 shares of the stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $76.99, for a total transaction of $2,517,111.06. Following the transaction, the executive vice president now owns 37,800 shares of the company’s stock, valued at approximately $2,910,222. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Devinder Kumar sold 28,966 shares of the stock in a transaction on Wednesday, May 18th. The stock was sold at an average price of $100.00, for a total value of $2,896,600.00. Following the transaction, the chief financial officer now directly owns 524,370 shares in the company, valued at approximately $52,437,000. The disclosure for this sale can be found here. Insiders have sold a total of 81,660 shares of company stock worth $7,462,511 in the last quarter. Company insiders own 1.00% of the company’s stock.

Advanced Micro Devices Profile

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Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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