NFJ Investment Group LLC Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

NFJ Investment Group LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 87,786 shares of the semiconductor manufacturer’s stock, valued at approximately $14,404,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Park Avenue Securities LLC lifted its stake in Advanced Micro Devices by 5.3% in the 2nd quarter. Park Avenue Securities LLC now owns 54,735 shares of the semiconductor manufacturer’s stock valued at $8,879,000 after buying an additional 2,749 shares in the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of Advanced Micro Devices during the second quarter valued at about $258,000. Greenfield Savings Bank raised its position in Advanced Micro Devices by 19.0% in the second quarter. Greenfield Savings Bank now owns 4,028 shares of the semiconductor manufacturer’s stock valued at $653,000 after purchasing an additional 644 shares during the period. Contravisory Investment Management Inc. purchased a new position in Advanced Micro Devices during the 2nd quarter valued at about $478,000. Finally, Valeo Financial Advisors LLC boosted its stake in shares of Advanced Micro Devices by 11.5% in the second quarter. Valeo Financial Advisors LLC now owns 20,476 shares of the semiconductor manufacturer’s stock valued at $3,321,000 after purchasing an additional 2,118 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the subject of several recent analyst reports. Roth Mkm restated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Citigroup dropped their target price on Advanced Micro Devices from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. UBS Group reduced their price objective on shares of Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Barclays lowered their price target on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.79.

Advanced Micro Devices Stock Performance

AMD stock traded down $0.45 during trading on Tuesday, hitting $141.61. 8,209,548 shares of the company’s stock traded hands, compared to its average volume of 54,234,598. Advanced Micro Devices, Inc. has a 52 week low of $116.37 and a 52 week high of $227.30. The stock has a fifty day moving average price of $152.16 and a two-hundred day moving average price of $154.03. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $229.81 billion, a price-to-earnings ratio of 127.98, a price-to-earnings-growth ratio of 1.89 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, meeting the consensus estimate of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the business earned $0.53 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

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.