Gabelli Funds LLC lifted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 35.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 40,500 shares of the semiconductor manufacturer’s stock after buying an additional 10,500 shares during the quarter. Gabelli Funds LLC’s holdings in Advanced Micro Devices were worth $2,623,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of AMD. Fairfield Bush & CO. bought a new position in shares of Advanced Micro Devices in the 1st quarter worth about $836,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Advanced Micro Devices by 49.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after purchasing an additional 791,710 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in Advanced Micro Devices by 34.9% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after purchasing an additional 692 shares during the last quarter. Raymond James Trust N.A. lifted its position in Advanced Micro Devices by 104.8% in the 1st quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after purchasing an additional 4,072 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its position in Advanced Micro Devices by 217.2% in the 1st quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after purchasing an additional 272,557 shares during the last quarter. 67.17% of the stock is currently owned by institutional investors.
Advanced Micro Devices Stock Performance
Advanced Micro Devices stock opened at $124.92 on Friday. The firm’s 50 day simple moving average is $100.74 and its 200-day simple moving average is $85.62. The company has a market cap of $201.17 billion, a P/E ratio of 543.13, a price-to-earnings-growth ratio of 9.15 and a beta of 1.92. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.38 and a quick ratio of 1.74. Advanced Micro Devices, Inc. has a fifty-two week low of $54.57 and a fifty-two week high of $130.79.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Advanced Micro Devices from $85.00 to $120.00 and gave the company an “overweight” rating in a research report on Thursday, March 30th. Susquehanna lifted their price objective on shares of Advanced Micro Devices from $115.00 to $120.00 in a research report on Wednesday, May 3rd. Wedbush reiterated an “outperform” rating and issued a $95.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 3rd. Stifel Nicolaus lifted their price objective on shares of Advanced Micro Devices from $91.00 to $98.00 in a research report on Tuesday, April 25th. Finally, Northland Securities lifted their price objective on shares of Advanced Micro Devices from $68.00 to $81.00 in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.07.
Insider Buying and Selling
In related news, EVP Paul Darren Grasby sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $94.85, for a total transaction of $1,185,625.00. Following the completion of the sale, the executive vice president now directly owns 95,942 shares in the company, valued at $9,100,098.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Advanced Micro Devices news, EVP Devinder Kumar sold 16,265 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $94.85, for a total value of $1,542,735.25. Following the completion of the sale, the executive vice president now directly owns 555,750 shares in the company, valued at $52,712,887.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Darren Grasby sold 12,500 shares of Advanced Micro Devices stock in a transaction that occurred on Wednesday, April 12th. The shares were sold at an average price of $94.85, for a total transaction of $1,185,625.00. Following the completion of the sale, the executive vice president now owns 95,942 shares of the company’s stock, valued at $9,100,098.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,765 shares of company stock worth $12,789,560. 0.73% of the stock is owned by company insiders.
About Advanced Micro Devices
Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.
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