ARK Investment Management LLC Acquires 421,275 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

ARK Investment Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 53.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,206,588 shares of the semiconductor manufacturer’s stock after purchasing an additional 421,275 shares during the period. Advanced Micro Devices makes up 1.2% of ARK Investment Management LLC’s portfolio, making the stock its 26th largest position. ARK Investment Management LLC owned 0.07% of Advanced Micro Devices worth $145,744,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Jacobsen Capital Management lifted its stake in Advanced Micro Devices by 2.1% in the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after purchasing an additional 70 shares during the last quarter. Bedell Frazier Investment Counselling LLC lifted its stake in Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after purchasing an additional 74 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in Advanced Micro Devices by 3.9% in the third quarter. Rosenberg Matthew Hamilton now owns 1,992 shares of the semiconductor manufacturer’s stock worth $327,000 after purchasing an additional 75 shares during the last quarter. NCM Capital Management LLC increased its position in shares of Advanced Micro Devices by 0.9% in the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock valued at $1,420,000 after acquiring an additional 75 shares during the period. Finally, Pin Oak Investment Advisors Inc. increased its position in shares of Advanced Micro Devices by 15.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after acquiring an additional 76 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AMD has been the topic of a number of analyst reports. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. HSBC restated a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Finally, Wedbush restated an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Stock Down 3.8 %

Shares of Advanced Micro Devices stock opened at $103.96 on Wednesday. The company has a market cap of $168.47 billion, a price-to-earnings ratio of 105.01, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66. The company’s 50 day moving average is $118.05 and its 200 day moving average is $137.65. Advanced Micro Devices, Inc. has a twelve month low of $103.62 and a twelve month high of $227.30. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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

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.