Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 90.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,800 shares of the semiconductor manufacturer’s stock after buying an additional 1,800 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Advanced Micro Devices were worth $459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Advanced Micro Devices in the fourth quarter worth approximately $2,867,193,000. Van ECK Associates Corp lifted its position in shares of Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after purchasing an additional 2,238,866 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after purchasing an additional 1,441,626 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new position in Advanced Micro Devices in the fourth quarter valued at $165,952,000. Finally, APG Asset Management N.V. raised its stake in Advanced Micro Devices by 675.9% in the fourth quarter. APG Asset Management N.V. now owns 1,546,529 shares of the semiconductor manufacturer’s stock valued at $180,401,000 after buying an additional 1,347,203 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Up 0.8 %

AMD opened at $95.29 on Wednesday. The business has a 50 day simple moving average of $102.25 and a 200-day simple moving average of $124.83. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The stock has a market capitalization of $154.02 billion, a P/E ratio of 96.25, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Jefferies Financial Group downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the company from $135.00 to $120.00 in a report on Thursday, March 27th. Benchmark reiterated a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. UBS Group set a $175.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Mizuho reduced their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.76.

Advanced Micro Devices Company 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.