Waverton Investment Management Ltd Purchases Shares of 10,550 Advanced Micro Devices, Inc. (AMD)

Waverton Investment Management Ltd purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 10,550 shares of the semiconductor manufacturer’s stock, valued at approximately $269,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $252,424,000. Oregon Public Employees Retirement Fund raised its position in Advanced Micro Devices by 4,261.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,893,657 shares of the semiconductor manufacturer’s stock worth $211,000 after acquiring an additional 3,804,384 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its position in Advanced Micro Devices by 131.1% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,837,267 shares of the semiconductor manufacturer’s stock worth $107,757,000 after acquiring an additional 3,311,157 shares in the last quarter. Geode Capital Management LLC raised its position in Advanced Micro Devices by 14.5% during the fourth quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock worth $240,885,000 after acquiring an additional 1,651,507 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Advanced Micro Devices by 27.0% during the fourth quarter. First Trust Advisors LP now owns 5,038,969 shares of the semiconductor manufacturer’s stock worth $93,019,000 after acquiring an additional 1,071,738 shares in the last quarter. Institutional investors own 58.84% of the company’s stock.

AMD has been the topic of several analyst reports. Daiwa Capital Markets set a $27.00 price target on shares of Advanced Micro Devices and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Cowen upped their price target on shares of Advanced Micro Devices from $26.00 to $28.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 30th. Bank of America dropped their price target on shares of Advanced Micro Devices from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, December 20th. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $18.00 to $20.00 and gave the stock an “in-line” rating in a research report on Wednesday, January 30th. Finally, Nomura initiated coverage on shares of Advanced Micro Devices in a research report on Tuesday, April 2nd. They set a “buy” rating and a $33.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.87.

Shares of AMD stock traded up $0.20 on Thursday, hitting $27.69. The company’s stock had a trading volume of 772,092 shares, compared to its average volume of 81,009,563. 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, Inc. has a fifty-two week low of $9.56 and a fifty-two week high of $34.14. The company has a market capitalization of $29.73 billion, a PE ratio of 79.29, a price-to-earnings-growth ratio of 1.72 and a beta of 3.40.

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

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 30,000 shares of the stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $27.49, for a total transaction of $824,700.00. Following the sale, the executive vice president now directly owns 1,329,588 shares in the company, valued at $36,550,374.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul Darren Grasby sold 6,000 shares of the stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $27.54, for a total transaction of $165,240.00. Following the sale, the senior vice president now owns 28,979 shares in the company, valued at $798,081.66. The disclosure for this sale can be found here. Insiders have sold 35,453,166 shares of company stock worth $830,095,189 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

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About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its 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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