China Universal Asset Management Co. Ltd. Buys 8,086 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

China Universal Asset Management Co. Ltd. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 29.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 35,623 shares of the semiconductor manufacturer’s stock after purchasing an additional 8,086 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Advanced Micro Devices were worth $4,303,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Creative Capital Management Investments LLC lifted its holdings in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares in the last quarter. ZRC Wealth Management LLC increased its holdings in Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 75 shares during the period. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices in the 4th quarter valued at $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $32,000. Finally, FSA Wealth Management LLC bought a new position in shares of Advanced Micro Devices in the third quarter worth $41,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Ratings Changes

AMD has been the subject of several recent analyst reports. Susquehanna reduced their target price on Advanced Micro Devices from $200.00 to $165.00 and set a “positive” rating for the company in a research report on Wednesday. Bank of America lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $180.00 to $155.00 in a report on Monday, December 9th. Hsbc Global Res downgraded shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Finally, KeyCorp dropped their price objective on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.77.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 80,000 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Trading Down 2.4 %

AMD opened at $115.95 on Friday. Advanced Micro Devices, Inc. has a one year low of $112.80 and a one year 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 business has a 50 day simple moving average of $125.92 and a two-hundred day simple moving average of $141.49. The firm has a market capitalization of $188.16 billion, a price-to-earnings ratio of 104.46, a PEG ratio of 1.04 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm’s revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. Analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS 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.