Advanced Micro Devices, Inc. (AMD) Shares Bought by Bp Plc

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Bp Plc raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 106.4% in the 4th quarter, Holdings Channel reports. The firm owned 227,000 shares of the semiconductor manufacturer’s stock after acquiring an additional 117,000 shares during the period. Bp Plc’s holdings in Advanced Micro Devices were worth $4,188,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in shares of Advanced Micro Devices by 132.4% during the 3rd quarter. Alliancebernstein L.P. now owns 5,357,536 shares of the semiconductor manufacturer’s stock valued at $165,494,000 after buying an additional 3,051,938 shares during the last quarter. American Century Companies Inc. boosted its stake in Advanced Micro Devices by 275.0% during the 3rd quarter. American Century Companies Inc. now owns 4,256,231 shares of the semiconductor manufacturer’s stock valued at $131,475,000 after purchasing an additional 3,121,246 shares during the period. First Trust Advisors LP boosted its stake in Advanced Micro Devices by 1,047.7% during the 3rd quarter. First Trust Advisors LP now owns 3,967,231 shares of the semiconductor manufacturer’s stock valued at $122,548,000 after purchasing an additional 3,621,560 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Advanced Micro Devices by 4,261.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,893,657 shares of the semiconductor manufacturer’s stock valued at $211,000 after purchasing an additional 3,804,384 shares during the period. Finally, Legal & General Group Plc boosted its stake in Advanced Micro Devices by 1.5% during the 3rd quarter. Legal & General Group Plc now owns 3,884,842 shares of the semiconductor manufacturer’s stock valued at $120,002,000 after purchasing an additional 56,775 shares during the period. 59.06% of the stock is owned by institutional investors.

In related news, CFO Devinder Kumar sold 41,213 shares of the stock in a transaction that occurred on Wednesday, November 28th. The shares were sold at an average price of $21.25, for a total transaction of $875,776.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mubadala Investment Co Pjsc sold 34,906,166 shares of the stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $23.43, for a total transaction of $817,851,469.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,470,787 shares of company stock valued at $829,001,955. Company insiders own 1.80% of the company’s stock.

AMD has been the subject of a number of analyst reports. Cowen reissued an “outperform” rating and set a $33.00 target price (up from $30.00) on shares of Advanced Micro Devices in a research note on Thursday, October 18th. Craig Hallum boosted their target price on shares of Advanced Micro Devices from $21.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. Daiwa Capital Markets initiated coverage on shares of Advanced Micro Devices in a research note on Sunday, December 30th. They set a “buy” rating and a $26.00 target price for the company. TheStreet lowered shares of Advanced Micro Devices from a “b-” rating to a “c” rating in a research note on Friday, October 19th. Finally, New Street Research initiated coverage on shares of Advanced Micro Devices in a research note on Friday, October 19th. They set a “sell” rating and a $18.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $24.94.

Shares of NASDAQ:AMD opened at $22.85 on Thursday. The company has a market capitalization of $22.81 billion, a PE ratio of 65.29, a P/E/G ratio of 2.07 and a beta of 3.41. Advanced Micro Devices, Inc. has a twelve month low of $9.04 and a twelve month high of $34.14. The company has a quick ratio of 1.36, a current ratio of 1.78 and a debt-to-equity ratio of 0.88.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.44 billion. Advanced Micro Devices had a net margin of 5.20% and a return on equity of 37.84%. During the same period in the prior year, the business posted $0.08 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 0.52 earnings per share for the current year.

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Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's 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.

See Also: Understanding Price to Earnings Ratio (PE)

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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