Empirical Asset Management LLC Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Empirical Asset Management LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 86.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,687 shares of the semiconductor manufacturer’s stock after buying an additional 6,820 shares during the quarter. Empirical Asset Management LLC’s holdings in Advanced Micro Devices were worth $1,774,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Carnegie Investment Counsel boosted its stake in Advanced Micro Devices by 3.6% during the fourth quarter. Carnegie Investment Counsel now owns 41,618 shares of the semiconductor manufacturer’s stock valued at $5,027,000 after buying an additional 1,449 shares during the last quarter. Beech Hill Advisors Inc. raised its holdings in shares of Advanced Micro Devices by 320.2% during the 4th quarter. Beech Hill Advisors Inc. now owns 9,140 shares of the semiconductor manufacturer’s stock worth $1,104,000 after acquiring an additional 6,965 shares in the last quarter. Sanders Morris Harris LLC boosted its position in shares of Advanced Micro Devices by 62.2% during the 4th quarter. Sanders Morris Harris LLC now owns 47,982 shares of the semiconductor manufacturer’s stock valued at $5,821,000 after acquiring an additional 18,407 shares during the last quarter. Mirador Capital Partners LP grew its holdings in shares of Advanced Micro Devices by 0.7% in the fourth quarter. Mirador Capital Partners LP now owns 25,737 shares of the semiconductor manufacturer’s stock valued at $3,109,000 after purchasing an additional 174 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in Advanced Micro Devices by 23.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,335 shares of the semiconductor manufacturer’s stock worth $1,248,000 after purchasing an additional 1,942 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 2.5 %

NASDAQ AMD opened at $121.46 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 50 day moving average price of $130.47 and a 200 day moving average price of $145.58. 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 has a market cap of $197.11 billion, a PE ratio of 109.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $6.71 billion. During the same period in the prior year, the firm posted $0.53 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was 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 $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on AMD. HSBC reiterated a “reduce” rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Morgan Stanley dropped their price target on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. Loop Capital began coverage on Advanced Micro Devices in a research note on Tuesday. They issued a “buy” rating and a $175.00 price objective for the company. Finally, Bank of America downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their target price for the company from $180.00 to $155.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $178.61.

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.