Union Bancaire Privee UBP SA Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Union Bancaire Privee UBP SA bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, HoldingsChannel reports. The fund bought 290,880 shares of the semiconductor manufacturer’s stock, valued at approximately $34,366,000.

Several other large investors have also recently added to or reduced their stakes in AMD. AQR Capital Management LLC lifted its position in Advanced Micro Devices by 5.7% in the second quarter. AQR Capital Management LLC now owns 294,567 shares of the semiconductor manufacturer’s stock worth $47,782,000 after purchasing an additional 15,975 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Advanced Micro Devices by 0.3% in the second quarter. Mackenzie Financial Corp now owns 201,976 shares of the semiconductor manufacturer’s stock valued at $32,763,000 after buying an additional 594 shares during the period. MidWestOne Financial Group Inc. boosted its stake in Advanced Micro Devices by 7.4% during the second quarter. MidWestOne Financial Group Inc. now owns 1,247 shares of the semiconductor manufacturer’s stock valued at $202,000 after buying an additional 86 shares in the last quarter. Ascent Group LLC grew its holdings in Advanced Micro Devices by 9.2% during the second quarter. Ascent Group LLC now owns 24,401 shares of the semiconductor manufacturer’s stock worth $3,958,000 after acquiring an additional 2,053 shares during the period. Finally, Aviso Wealth Management grew its stake in shares of Advanced Micro Devices by 9.8% in the 2nd quarter. Aviso Wealth Management now owns 4,001 shares of the semiconductor manufacturer’s stock worth $649,000 after purchasing an additional 358 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMD. Barclays decreased their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Loop Capital began coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 target price for the company. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. 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. Finally, Hsbc Global Res cut shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $176.33.

Advanced Micro Devices Stock Performance

AMD stock opened at $122.84 on Monday. The company has a 50 day moving average price of $128.12 and a 200 day moving average price of $143.50. Advanced Micro Devices, Inc. has a fifty-two week low of $114.41 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock has a market capitalization of $199.35 billion, a PE ratio of 110.67, a price-to-earnings-growth ratio of 1.09 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 EPS for the quarter, hitting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for 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%. The business’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was 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 owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, 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 sold 197,036 shares of company stock worth $28,165,821 in the last quarter. Corporate insiders own 0.73% of the company’s stock.

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.