Factory Mutual Insurance Co. Has $35.24 Million Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Factory Mutual Insurance Co. grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 612.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 239,068 shares of the semiconductor manufacturer’s stock after acquiring an additional 205,500 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Advanced Micro Devices were worth $35,241,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Baker Ellis Asset Management LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $217,000. Beacon Financial Advisory LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $212,000. Farmers & Merchants Investments Inc. increased its holdings in Advanced Micro Devices by 7.9% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 208,320 shares of the semiconductor manufacturer’s stock worth $30,708,000 after buying an additional 15,233 shares during the last quarter. Webster Bank N. A. increased its holdings in Advanced Micro Devices by 91.5% during the fourth quarter. Webster Bank N. A. now owns 1,360 shares of the semiconductor manufacturer’s stock worth $200,000 after buying an additional 650 shares during the last quarter. Finally, Independence Bank of Kentucky increased its holdings in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded down $1.22 during trading hours on Thursday, hitting $179.55. 11,069,179 shares of the company’s stock traded hands, compared to its average volume of 76,163,570. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The stock has a market capitalization of $290.18 billion, a price-to-earnings ratio of 346.31, a PEG ratio of 2.69 and a beta of 1.64. The company has a fifty day simple moving average of $182.06 and a 200-day simple moving average of $143.60. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter last year, the firm posted $0.54 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMD shares. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a report on Monday, January 8th. Susquehanna reiterated a “positive” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Wednesday, January 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Finally, Citigroup upped their price objective on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $181.52.

View Our Latest Analysis on AMD

Insider Buying and Selling at Advanced Micro Devices

In other news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now 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. Insiders sold 324,943 shares of company stock valued at $59,919,994 in the last quarter. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Company Profile

(Free Report)

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.

Further Reading

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

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