OVERSEA CHINESE BANKING Corp Ltd Has $14.85 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

OVERSEA CHINESE BANKING Corp Ltd lessened its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 69.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,083 shares of the semiconductor manufacturer’s stock after selling 270,992 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Advanced Micro Devices were worth $14,850,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of Advanced Micro Devices by 23.3% in the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. State Street Corp boosted its position in 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake 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 during the period. Alecta Tjanstepension Omsesidigt acquired a new stake in shares of Advanced Micro Devices in the 4th quarter valued at $165,952,000. Finally, Clear Street Derivatives LLC bought a new stake in shares of Advanced Micro Devices during the third quarter worth $110,496,000. 71.34% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Down 1.0 %

NASDAQ AMD opened at $103.51 on Wednesday. The stock has a market capitalization of $167.74 billion, a price-to-earnings ratio of 104.56, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $187.69. The stock’s 50 day moving average price is $111.08 and its two-hundred day moving average price is $132.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AMD shares. HSBC reiterated a “reduce” rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Tuesday. Argus set a $160.00 price objective on shares of Advanced Micro Devices in a report on Thursday, February 6th. Hsbc Global Res lowered shares of Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Finally, Roth Capital set a $140.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $155.14.

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.