Securian Asset Management Inc increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.5% in the 4th quarter, HoldingsChannel reports. The fund owned 91,215 shares of the semiconductor manufacturer’s stock after buying an additional 3,935 shares during the quarter. Securian Asset Management Inc’s holdings in Advanced Micro Devices were worth $1,684,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new stake in shares of Advanced Micro Devices during the second quarter worth $327,000. Atria Investments LLC grew its stake in shares of Advanced Micro Devices by 101.6% during the third quarter. Atria Investments LLC now owns 23,451 shares of the semiconductor manufacturer’s stock worth $724,000 after purchasing an additional 11,820 shares during the period. DNB Asset Management AS grew its stake in shares of Advanced Micro Devices by 16.7% during the third quarter. DNB Asset Management AS now owns 119,073 shares of the semiconductor manufacturer’s stock worth $3,678,000 after purchasing an additional 17,013 shares during the period. Cookson Peirce & Co. Inc. acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $240,000. Finally, Andra AP fonden grew its stake in shares of Advanced Micro Devices by 32.1% during the third quarter. Andra AP fonden now owns 327,600 shares of the semiconductor manufacturer’s stock worth $10,120,000 after purchasing an additional 79,600 shares during the period. Institutional investors own 59.06% of the company’s stock.

AMD opened at $23.05 on Monday. Advanced Micro Devices, Inc. has a 52-week low of $9.04 and a 52-week high of $34.14. The stock has a market cap of $23.04 billion, a P/E ratio of 65.86, a P/E/G ratio of 2.07 and a beta of 3.41. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.36 and a current ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Advanced Micro Devices had a return on equity of 37.84% and a net margin of 5.20%. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the company posted $0.08 earnings per share. Equities research analysts predict that Advanced Micro Devices, Inc. will post 0.52 EPS for the current year.

A number of research analysts have issued reports on the company. Craig Hallum boosted their target price on Advanced Micro Devices from $21.00 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, November 7th. Cowen reissued an “outperform” rating and issued a $33.00 target price (up from $30.00) on shares of Advanced Micro Devices in a research note on Thursday, October 18th. Daiwa Capital Markets assumed coverage on Advanced Micro Devices in a research note on Friday, December 21st. They issued an “outperform” rating and a $26.00 target price for the company. BMO Capital Markets decreased their target price on Advanced Micro Devices from $20.00 to $18.00 and set a “market perform” rating for the company in a research note on Thursday, October 25th. Finally, Zacks Investment Research cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. Advanced Micro Devices has an average rating of “Hold” and an average target price of $24.94.

In related news, Director Mubadala Investment Co Pjsc sold 34,906,166 shares of the company’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $23.43, for a total transaction of $817,851,469.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Devinder Kumar sold 41,213 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $21.25, for a total value of $875,776.25. The disclosure for this sale can be found here. Insiders have sold 35,420,787 shares of company stock worth $827,866,455 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

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Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. The company's products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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