California First Leasing Corp Raises Position in Advanced Micro Devices, Inc. $AMD

California First Leasing Corp increased its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 28.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 54,000 shares of the semiconductor manufacturer’s stock after purchasing an additional 11,900 shares during the quarter. Advanced Micro Devices makes up approximately 3.2% of California First Leasing Corp’s investment portfolio, making the stock its 12th biggest position. California First Leasing Corp’s holdings in Advanced Micro Devices were worth $7,663,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of AMD. Norges Bank bought a new stake in Advanced Micro Devices during the 2nd quarter worth approximately $3,094,662,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Advanced Micro Devices in the second quarter worth $958,422,000. T. Rowe Price Investment Management Inc. raised its position in shares of Advanced Micro Devices by 131.5% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 10,413,139 shares of the semiconductor manufacturer’s stock valued at $1,069,846,000 after purchasing an additional 5,915,185 shares during the period. Nuveen LLC purchased a new position in shares of Advanced Micro Devices during the 1st quarter valued at $436,746,000. Finally, Parnassus Investments LLC boosted its holdings in Advanced Micro Devices by 47,883.5% in the 1st quarter. Parnassus Investments LLC now owns 4,142,418 shares of the semiconductor manufacturer’s stock worth $425,592,000 after buying an additional 4,133,785 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Up 0.9%

NASDAQ AMD opened at $217.97 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.31 and a debt-to-equity ratio of 0.04. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $267.08. The firm has a market capitalization of $354.86 billion, a price-to-earnings ratio of 107.91, a PEG ratio of 1.61 and a beta of 1.93. The company has a fifty day moving average of $225.61 and a two-hundred day moving average of $175.80.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, November 4th. The semiconductor manufacturer reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.03. Advanced Micro Devices had a return on equity of 8.04% and a net margin of 10.32%.The business had revenue of $9.25 billion during the quarter, compared to analyst estimates of $8.76 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 35.6% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on AMD shares. DZ Bank raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $250.00 target price on the stock in a research note on Wednesday, October 8th. Stifel Nicolaus lifted their price objective on shares of Advanced Micro Devices from $240.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Erste Group Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 11th. Jefferies Financial Group set a $300.00 target price on shares of Advanced Micro Devices and gave the company a “positive” rating in a research note on Monday, October 6th. Finally, Mizuho boosted their price target on shares of Advanced Micro Devices from $275.00 to $285.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 12th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $278.54.

Insiders Place Their Bets

In other Advanced Micro Devices news, SVP Ava Hahn sold 2,868 shares of the company’s stock in a transaction on Monday, October 6th. The stock was sold at an average price of $226.01, for a total value of $648,196.68. Following the completion of the sale, the senior vice president directly owned 9,033 shares in the company, valued at approximately $2,041,548.33. This represents a 24.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 19,450 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $229.37, for a total transaction of $4,461,246.50. Following the transaction, the executive vice president owned 300,348 shares in the company, valued at approximately $68,890,820.76. The trade was a 6.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 75,676 shares of company stock worth $16,124,589 in the last ninety days. 0.06% of the stock is owned by company insiders.

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.