Fifth Third Bancorp Boosts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fifth Third Bancorp raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 445,540 shares of the semiconductor manufacturer’s stock after purchasing an additional 24,080 shares during the period. Fifth Third Bancorp’s holdings in Advanced Micro Devices were worth $53,817,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pflug Koory LLC increased its position in shares of Advanced Micro Devices by 12.8% during the fourth quarter. Pflug Koory LLC now owns 4,956 shares of the semiconductor manufacturer’s stock worth $599,000 after purchasing an additional 561 shares in the last quarter. Nepsis Inc. grew its stake in Advanced Micro Devices by 2.3% during the 4th quarter. Nepsis Inc. now owns 163,417 shares of the semiconductor manufacturer’s stock worth $19,739,000 after buying an additional 3,744 shares during the last quarter. Curated Wealth Partners LLC increased its position in Advanced Micro Devices by 19.1% during the fourth quarter. Curated Wealth Partners LLC now owns 3,935 shares of the semiconductor manufacturer’s stock worth $475,000 after buying an additional 630 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Advanced Micro Devices by 5.5% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,493 shares of the semiconductor manufacturer’s stock valued at $2,475,000 after buying an additional 1,067 shares during the last quarter. Finally, Exchange Traded Concepts LLC boosted its holdings in shares of Advanced Micro Devices by 28.4% in the fourth quarter. Exchange Traded Concepts LLC now owns 83,453 shares of the semiconductor manufacturer’s stock valued at $10,080,000 after acquiring an additional 18,476 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.2 %

AMD opened at $122.84 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30. The business has a 50-day moving average of $128.36 and a two-hundred day moving average of $144.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The stock has a market capitalization of $199.35 billion, a price-to-earnings ratio of 110.67, a price-to-earnings-growth ratio of 1.09 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 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter last year, the firm posted $0.53 earnings per share. Advanced Micro Devices’s revenue was up 17.6% on a year-over-year basis. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. KeyCorp decreased their target price on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, January 14th. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research note on Monday, October 28th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their target price for the company from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company cut their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average target price of $176.33.

Insider Activity at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. This trade represents a 2.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.73% of the company’s stock.

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.