Robeco Institutional Asset Management B.V. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 241.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,027 shares of the semiconductor manufacturer’s stock after purchasing an additional 33,959 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Advanced Micro Devices were worth $2,203,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in AMD. TRUE Private Wealth Advisors purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $32,000. FinTrust Capital Advisors LLC grew its stake in Advanced Micro Devices by 177.2% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 887 shares of the semiconductor manufacturer’s stock valued at $26,000 after acquiring an additional 567 shares in the last quarter. Tarbox Family Office Inc. grew its stake in Advanced Micro Devices by 129.1% during the 4th quarter. Tarbox Family Office Inc. now owns 912 shares of the semiconductor manufacturer’s stock valued at $42,000 after acquiring an additional 514 shares in the last quarter. Trust Co. of Vermont grew its stake in Advanced Micro Devices by 1,153.8% during the 3rd quarter. Trust Co. of Vermont now owns 978 shares of the semiconductor manufacturer’s stock valued at $28,000 after acquiring an additional 900 shares in the last quarter. Finally, TFO TDC LLC acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $45,000. 67.20% of the stock is owned by institutional investors and hedge funds.
Advanced Micro Devices stock traded down $1.64 during trading hours on Thursday, reaching $57.26. 53,917,293 shares of the company were exchanged, compared to its average volume of 55,450,584. Advanced Micro Devices, Inc. has a 12 month low of $21.03 and a 12 month high of $59.27. The company has a current ratio of 1.95, a quick ratio of 1.53 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average of $50.08 and a 200 day moving average of $38.32. The firm has a market cap of $68.89 billion, a price-to-earnings ratio of 190.86, a PEG ratio of 2.42 and a beta of 3.12.
AMD has been the subject of a number of research analyst reports. Susquehanna Bancshares increased their price target on shares of Advanced Micro Devices from $45.00 to $50.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. TheStreet upgraded shares of Advanced Micro Devices from a “c+” rating to a “b-” rating in a research note on Monday, November 11th. Cowen increased their target price on shares of Advanced Micro Devices from $47.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Rosenblatt Securities reissued a “buy” rating and set a $65.00 target price on shares of Advanced Micro Devices in a research note on Monday, January 27th. Finally, Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $32.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, twenty have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Advanced Micro Devices has a consensus rating of “Hold” and a consensus price target of $44.46.
In other news, SVP Paul Darren Grasby sold 17,922 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $54.90, for a total value of $983,917.80. Following the sale, the senior vice president now owns 61,098 shares in the company, valued at $3,354,280.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Forrest Eugene Norrod sold 50,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $39.71, for a total transaction of $1,985,500.00. Following the transaction, the senior vice president now directly owns 914,600 shares in the company, valued at approximately $36,318,766. The disclosure for this sale can be found here. In the last three months, insiders have sold 322,922 shares of company stock valued at $16,187,868. Company insiders own 1.50% of the company’s stock.
Advanced Micro Devices Profile
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 (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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