Pilgrim Partners Asia Pte Ltd Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pilgrim Partners Asia Pte Ltd acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,250 shares of the semiconductor manufacturer’s stock, valued at approximately $151,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock valued at $18,143,884,000 after buying an additional 1,441,626 shares during the last quarter. Geode Capital Management LLC increased its holdings in Advanced Micro Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock valued at $4,224,840,000 after acquiring an additional 835,413 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Advanced Micro Devices by 1.2% in the 4th quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer’s stock worth $2,909,350,000 after purchasing an additional 290,784 shares in the last quarter. Norges Bank bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $2,867,193,000. Finally, Van ECK Associates Corp grew its position in shares of Advanced Micro Devices by 23.3% during the fourth quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after purchasing an additional 2,238,866 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.65% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Benchmark restated a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, Bank of America decreased their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $152.72.

Advanced Micro Devices Price Performance

NASDAQ AMD opened at $85.76 on Friday. The company has a market cap of $138.61 billion, a PE ratio of 86.63, a P/E/G ratio of 1.11 and a beta of 1.88. The firm’s 50 day moving average price is $106.88 and its 200-day moving average price is $129.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 52-week low of $83.67 and a 52-week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) 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%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

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.