Commerce Bank Increases Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Commerce Bank raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 125,379 shares of the semiconductor manufacturer’s stock after purchasing an additional 7,638 shares during the quarter. Commerce Bank’s holdings in Advanced Micro Devices were worth $15,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Advanced Micro Devices during the fourth quarter valued at about $65,897,000. Enzi Wealth bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $569,000. Welch Group LLC increased its stake in Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after purchasing an additional 2,981 shares during the period. Stonegate Investment Group LLC lifted its position in Advanced Micro Devices by 39.5% in the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock valued at $61,896,000 after purchasing an additional 145,067 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Advanced Micro Devices by 19.8% during the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock valued at $212,943,000 after purchasing an additional 289,110 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Mizuho dropped their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday. Finally, KeyCorp cut Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $144.90.

Advanced Micro Devices Trading Down 0.9 %

Shares of NASDAQ:AMD opened at $87.50 on Friday. Advanced Micro Devices, Inc. has a 52-week low of $76.48 and a 52-week high of $187.28. The stock has a market capitalization of $141.42 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock’s 50-day simple moving average is $100.93 and its two-hundred day simple moving average is $123.55.

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

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This represents a 1.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The shares were purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.06% of the stock is owned by insiders.

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.