National Bank of Canada FI bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) in the 4th quarter, HoldingsChannel reports. The fund bought 98,371 shares of the semiconductor manufacturer’s stock, valued at approximately $14,136,000.
A number of other hedge funds have also added to or reduced their stakes in AMD. Koshinski Asset Management Inc. grew its position in shares of Advanced Micro Devices by 21.0% during the third quarter. Koshinski Asset Management Inc. now owns 3,952 shares of the semiconductor manufacturer’s stock worth $407,000 after acquiring an additional 687 shares during the last quarter. Gofen & Glossberg LLC IL acquired a new stake in Advanced Micro Devices in the third quarter worth about $225,000. Veracity Capital LLC lifted its holdings in Advanced Micro Devices by 2.6% in the third quarter. Veracity Capital LLC now owns 3,771 shares of the semiconductor manufacturer’s stock worth $388,000 after purchasing an additional 97 shares during the period. Hollencrest Capital Management lifted its holdings in Advanced Micro Devices by 4.9% in the third quarter. Hollencrest Capital Management now owns 4,681 shares of the semiconductor manufacturer’s stock worth $482,000 after purchasing an additional 220 shares during the period. Finally, Columbia Trust Co 01012016 lifted its holdings in Advanced Micro Devices by 2.5% in the third quarter. Columbia Trust Co 01012016 now owns 5,935 shares of the semiconductor manufacturer’s stock worth $611,000 after purchasing an additional 147 shares during the period. Hedge funds and other institutional investors own 68.92% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Craig Hallum upped their price target on shares of Advanced Micro Devices from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 2nd. Rosenblatt Securities upped their price target on shares of Advanced Micro Devices from $180.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 2nd. Cowen cut their price target on shares of Advanced Micro Devices from $160.00 to $145.00 in a report on Tuesday, February 15th. Raymond James upped their price target on shares of Advanced Micro Devices from $140.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, February 2nd. Finally, Erste Group lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Thursday, December 9th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has an average rating of “Buy” and a consensus price target of $151.26.
In other news, CEO Lisa T. Su sold 100,000 shares of the company’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $120.00, for a total transaction of $12,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rick Bergman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $117.12, for a total transaction of $234,240.00. The disclosure for this sale can be found here. Insiders have sold 160,996 shares of company stock valued at $19,651,602 in the last ninety days. 1.00% of the stock is owned by company insiders.
AMD stock opened at $120.53 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $72.50 and a 1 year high of $164.46. The company has a fifty day simple moving average of $115.97 and a 200 day simple moving average of $124.83. The firm has a market cap of $144.55 billion, a PE ratio of 46.72, a PEG ratio of 1.05 and a beta of 1.85.
Advanced Micro Devices (NASDAQ:AMD – Get Rating) last released its earnings results on Tuesday, February 1st. The semiconductor manufacturer reported $0.83 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.14. The firm had revenue of $4.83 billion during the quarter, compared to analyst estimates of $4.52 billion. Advanced Micro Devices had a net margin of 19.24% and a return on equity of 44.25%. The business’s revenue was up 48.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 EPS. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.7 earnings per share for the current fiscal year.
Advanced Micro Devices Company Profile (Get Rating)
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.
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