Empire Life Investments Inc. Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Empire Life Investments Inc. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 5,940 shares of the semiconductor manufacturer’s stock, valued at approximately $717,000.

A number of other institutional investors also recently modified their holdings of AMD. International Assets Investment Management LLC lifted its holdings in shares of Advanced Micro Devices by 17,137.3% in the third quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock valued at $1,289,818,000 after purchasing an additional 7,815,305 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Advanced Micro Devices by 42.2% in the third quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after purchasing an additional 2,497,056 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Advanced Micro Devices by 23.3% in the fourth 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 lifted its holdings in shares of 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 purchasing an additional 1,580,035 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Advanced Micro Devices by 8.7% in the third 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 purchasing an additional 1,565,083 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was purchased at an average cost 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 5th. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Evercore ISI upped their target price on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, UBS Group dropped their target price on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Stock Up 1.2 %

NASDAQ AMD opened at $113.10 on Friday. The business has a fifty day moving average price of $120.94 and a two-hundred day moving average price of $138.93. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. Advanced Micro Devices, Inc. has a fifty-two week low of $106.50 and a fifty-two week high of $227.30. The stock has a market capitalization of $183.28 billion, a PE ratio of 114.24, a PEG ratio of 1.04 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts expect that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal 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.