Bank Julius Baer & Co. Ltd Zurich Sells 14,699 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.7% during the 4th quarter, Holdings Channel reports. The firm owned 297,512 shares of the semiconductor manufacturer’s stock after selling 14,699 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Advanced Micro Devices were worth $38,852,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in AMD. Swedbank AB increased its position in Advanced Micro Devices by 0.8% in the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after buying an additional 17,446 shares in the last quarter. Howard Capital Management Group LLC increased its holdings in shares of Advanced Micro Devices by 21.6% during the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 324 shares in the last quarter. M&G PLC acquired a new position in shares of Advanced Micro Devices during the third quarter worth approximately $2,355,000. Principal Financial Group Inc. lifted its holdings in shares of Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after purchasing an additional 588,595 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its position in Advanced Micro Devices by 102.1% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 6,433 shares of the semiconductor manufacturer’s stock valued at $1,056,000 after purchasing an additional 3,250 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 1.5 %

NASDAQ:AMD opened at $100.31 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $95.89 and a 1 year high of $227.30. The stock’s fifty day moving average price is $114.39 and its two-hundred day moving average price is $135.13. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market cap of $162.55 billion, a P/E ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.74.

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

Analysts Set New Price Targets

AMD has been the topic of several research reports. Benchmark restated a “buy” rating and set a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. HSBC reiterated a “reduce” rating and set a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Argus set a $160.00 price objective on Advanced Micro Devices in a research note on Thursday, February 6th. Finally, Truist Financial set a $130.00 target price on Advanced Micro Devices in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices 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.