Impax Asset Management Group plc Raises Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Impax Asset Management Group plc boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 57.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,408 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,708 shares during the quarter. Impax Asset Management Group plc’s holdings in Advanced Micro Devices were worth $895,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Jacobsen Capital Management increased its holdings in shares of Advanced Micro Devices by 2.1% in the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock valued at $554,000 after acquiring an additional 70 shares during the last quarter. Bedell Frazier Investment Counselling LLC increased its holdings in shares of Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after acquiring an additional 74 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in shares of Advanced Micro Devices by 3.9% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 1,992 shares of the semiconductor manufacturer’s stock valued at $327,000 after acquiring an additional 75 shares during the last quarter. NCM Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 0.9% in the 3rd 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 last quarter. Finally, Pin Oak Investment Advisors Inc. increased its holdings in shares of Advanced Micro Devices by 15.2% in the 3rd 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 last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 3.8 %

AMD opened at $103.96 on Wednesday. Advanced Micro Devices, Inc. has a 12 month low of $103.62 and a 12 month high of $227.30. The stock has a market capitalization of $168.47 billion, a P/E ratio of 105.01, a P/E/G ratio of 1.11 and a beta of 1.66. The business has a 50 day simple moving average of $118.05 and a 200-day simple moving average of $137.65. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on AMD. Benchmark reiterated a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Wells Fargo & Company restated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Melius Research restated a “hold” rating and set a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Finally, The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $175.00 to $129.00 in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Insider Activity at Advanced Micro Devices

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

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.