EULAV Asset Management Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

EULAV Asset Management boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 45.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 180,000 shares of the semiconductor manufacturer’s stock after acquiring an additional 56,000 shares during the period. EULAV Asset Management’s holdings in Advanced Micro Devices were worth $29,534,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. First Horizon Advisors Inc. boosted its holdings in Advanced Micro Devices by 8.1% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,554 shares of the semiconductor manufacturer’s stock valued at $583,000 after purchasing an additional 265 shares during the last quarter. Commerce Bank boosted its holdings in Advanced Micro Devices by 1.1% in the 3rd quarter. Commerce Bank now owns 117,741 shares of the semiconductor manufacturer’s stock valued at $19,319,000 after purchasing an additional 1,300 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Advanced Micro Devices in the 3rd quarter valued at about $50,000. West Family Investments Inc. boosted its holdings in Advanced Micro Devices by 65.2% in the 3rd quarter. West Family Investments Inc. now owns 5,111 shares of the semiconductor manufacturer’s stock valued at $839,000 after purchasing an additional 2,018 shares during the last quarter. Finally, Second Half Financial Partners LLC acquired a new position in Advanced Micro Devices in the 3rd quarter valued at about $537,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Roth Mkm reiterated a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Friday, October 11th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, July 31st. Robert W. Baird decreased their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Barclays decreased their price objective on shares of Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Finally, TD Cowen decreased their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.79.

Advanced Micro Devices Stock Up 0.3 %

Shares of NASDAQ:AMD opened at $139.39 on Wednesday. The stock has a market cap of $226.20 billion, a P/E ratio of 125.58, a P/E/G ratio of 1.87 and a beta of 1.71. The firm has a fifty day moving average price of $154.46 and a 200 day moving average price of $154.95. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a 1-year low of $116.37 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.53 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’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 completion of the sale, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

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.