Decker Retirement Planning Inc. Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Decker Retirement Planning Inc. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, HoldingsChannel reports. The firm bought 500 shares of the semiconductor manufacturer’s stock, valued at approximately $60,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. International Assets Investment Management LLC grew its holdings in Advanced Micro Devices by 17,137.3% during the 3rd quarter. International Assets Investment Management LLC now owns 7,860,909 shares of the semiconductor manufacturer’s stock worth $1,289,818,000 after acquiring an additional 7,815,305 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Advanced Micro Devices by 42.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,420,766 shares of the semiconductor manufacturer’s stock valued at $1,381,679,000 after buying an additional 2,497,056 shares in the last quarter. State Street Corp boosted its holdings in shares of Advanced Micro Devices by 2.3% in the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after buying an additional 1,580,035 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Advanced Micro Devices by 8.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 19,472,211 shares of the semiconductor manufacturer’s stock valued at $3,195,000,000 after buying an additional 1,565,083 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Advanced Micro Devices by 11.3% in the 3rd quarter. Van ECK Associates Corp now owns 9,620,878 shares of the semiconductor manufacturer’s stock valued at $1,471,128,000 after buying an additional 975,220 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AMD shares. Wells Fargo & Company lowered their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday. Roth Mkm reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. Evercore ISI increased their price objective on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Loop Capital initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Mizuho reduced their price target on shares of Advanced Micro Devices from $180.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $178.61.

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’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 directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 in the last quarter. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Down 1.3 %

Shares of AMD opened at $118.44 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $114.41 and a 52-week high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm’s fifty day moving average is $131.09 and its two-hundred day moving average is $145.76. The stock has a market cap of $192.21 billion, a PE ratio of 106.70, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

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

About Advanced Micro Devices

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.