26,816 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Brooklyn FI LLC

Brooklyn FI LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 26,816 shares of the semiconductor manufacturer’s stock, valued at approximately $3,239,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Van ECK Associates Corp increased its holdings in shares of Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. State Street Corp increased its holdings in Advanced Micro Devices by 2.3% in the third quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after buying an additional 1,580,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Advanced Micro Devices by 8.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after acquiring an additional 1,565,083 shares during the period. Alecta Tjanstepension Omsesidigt purchased a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $165,952,000. Finally, Clear Street Derivatives LLC acquired a new stake in shares of Advanced Micro Devices in the 3rd quarter worth approximately $110,496,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.73% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on AMD. Wedbush reaffirmed an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. HSBC reiterated a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price for the company. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $155.14.

Advanced Micro Devices Stock Down 1.0 %

Shares of NASDAQ:AMD opened at $103.51 on Wednesday. The stock has a 50-day simple moving average of $111.08 and a 200-day simple moving average of $132.53. The stock has a market capitalization of $167.74 billion, a P/E ratio of 104.56, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current 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.