Bp Plc Acquires 117,000 Shares of Advanced Micro Devices, Inc. (AMD)

Bp Plc lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 106.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,000 shares of the semiconductor manufacturer’s stock after purchasing an additional 117,000 shares during the period. Bp Plc’s holdings in Advanced Micro Devices were worth $4,188,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Winslow Evans & Crocker Inc. grew its stake in Advanced Micro Devices by 1,893.9% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 1,316 shares of the semiconductor manufacturer’s stock worth $26,000 after acquiring an additional 1,250 shares during the period. Capital Investment Advisory Services LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $27,000. Lenox Wealth Management Inc. grew its stake in Advanced Micro Devices by 105.7% in the 4th quarter. Lenox Wealth Management Inc. now owns 3,810 shares of the semiconductor manufacturer’s stock worth $70,000 after acquiring an additional 1,958 shares during the period. First Interstate Bank purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $74,000. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in Advanced Micro Devices by 258.3% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 4,300 shares of the semiconductor manufacturer’s stock worth $79,000 after acquiring an additional 3,100 shares during the period. 59.06% of the stock is owned by institutional investors and hedge funds.

NASDAQ:AMD opened at $22.85 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.36 and a debt-to-equity ratio of 0.88. The firm has a market cap of $22.81 billion, a P/E ratio of 65.29, a price-to-earnings-growth ratio of 2.07 and a beta of 3.41. Advanced Micro Devices, Inc. has a twelve month low of $9.04 and a twelve month high of $34.14.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 29th. The semiconductor manufacturer reported $0.08 earnings per share 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 analyst estimates 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 quarter in the previous year, the business posted $0.08 EPS. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 0.52 EPS for the current year.

Several analysts have commented on AMD shares. Cowen reaffirmed 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. Craig Hallum lifted their target price on shares of Advanced Micro Devices from $21.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Daiwa Capital Markets started coverage on shares of Advanced Micro Devices in a research note on Sunday, December 30th. They issued a “buy” rating and a $26.00 target price for the company. TheStreet cut shares of Advanced Micro Devices from a “b-” rating to a “c” rating in a research note on Friday, October 19th. Finally, New Street Research initiated coverage on shares of Advanced Micro Devices in a research note on Friday, October 19th. They issued a “sell” rating and a $18.00 target price for the company. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $24.94.

In related news, Director Mubadala Investment Co Pjsc sold 34,906,166 shares of Advanced Micro Devices stock in a transaction on Tuesday, February 5th. The shares were 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 accessible through this hyperlink. Also, SVP Harry A. Wolin sold 18,070 shares of Advanced Micro Devices stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $17.40, for a total transaction of $314,418.00. Following the transaction, the senior vice president now owns 1,366,877 shares in the company, valued at approximately $23,783,659.80. The disclosure for this sale can be found here. Insiders have sold a total of 35,470,787 shares of company stock worth $829,001,955 in the last 90 days. Company insiders own 1.80% of the company’s stock.

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About Advanced Micro Devices

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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