UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,472,211 shares of the semiconductor manufacturer’s stock after buying an additional 1,565,083 shares during the quarter. Advanced Micro Devices accounts for about 0.8% of UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s investment portfolio, making the stock its 13th largest holding. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 1.20% of Advanced Micro Devices worth $3,195,000,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in AMD. Citizens Financial Group Inc. RI grew its holdings in Advanced Micro Devices by 49.0% during the 1st quarter. Citizens Financial Group Inc. RI now owns 7,126 shares of the semiconductor manufacturer’s stock worth $1,286,000 after acquiring an additional 2,345 shares in the last quarter. LRI Investments LLC acquired a new position in Advanced Micro Devices in the first quarter worth about $49,000. Atria Investments Inc grew its stake in Advanced Micro Devices by 16.2% in the first quarter. Atria Investments Inc now owns 51,904 shares of the semiconductor manufacturer’s stock worth $9,368,000 after purchasing an additional 7,236 shares in the last quarter. Cetera Investment Advisers increased its holdings in Advanced Micro Devices by 381.2% in the first quarter. Cetera Investment Advisers now owns 868,590 shares of the semiconductor manufacturer’s stock valued at $156,772,000 after buying an additional 688,081 shares during the last quarter. Finally, Cetera Advisors LLC raised its stake in Advanced Micro Devices by 339.3% during the first quarter. Cetera Advisors LLC now owns 157,137 shares of the semiconductor manufacturer’s stock valued at $28,362,000 after buying an additional 121,366 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 1.1 %

Shares of Advanced Micro Devices stock opened at $136.24 on Thursday. The business has a fifty day simple moving average of $152.94 and a 200-day simple moving average of $154.28. Advanced Micro Devices, Inc. has a fifty-two week low of $116.37 and a fifty-two week high of $227.30. The firm has a market cap of $221.09 billion, a price-to-earnings ratio of 122.74, a price-to-earnings-growth ratio of 1.95 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03.

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, meeting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to the consensus estimate 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 revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. On average, equities analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. Edward Jones started coverage on Advanced Micro Devices in a report on Tuesday, August 20th. They issued a “buy” rating for the company. Robert W. Baird lowered their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Barclays reduced 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 report on Wednesday, October 30th. TD Cowen lowered their price objective on shares of Advanced Micro Devices from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Finally, Evercore ISI raised their target price on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.79.

Insider Buying and Selling

In other news, 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 completion of the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 value of $11,509,600.00. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

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.