Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Eminence Capital LP

Eminence Capital LP lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 54.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,027,742 shares of the semiconductor manufacturer's stock after acquiring an additional 361,479 shares during the period. Advanced Micro Devices accounts for about 1.9% of Eminence Capital LP's holdings, making the stock its 26th biggest position. Eminence Capital LP owned approximately 0.06% of Advanced Micro Devices worth $124,141,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bear Mountain Capital Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $25,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Summit Securities Group LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $31,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $32,000. Finally, IAG Wealth Partners LLC increased its stake in shares of Advanced Micro Devices by 74.7% during the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock worth $33,000 after acquiring an additional 118 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on AMD. Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Citigroup restated a "buy" rating on shares of Advanced Micro Devices in a report on Wednesday, April 16th. StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a research report on Wednesday, March 26th. Finally, Melius Research restated a "hold" rating and set a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $139.57.

Advanced Micro Devices Stock Down 2.0 %

Advanced Micro Devices stock opened at $98.62 on Wednesday. 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 one year low of $76.48 and a one year high of $187.28. The company has a 50-day simple moving average of $97.29 and a 200-day simple moving average of $117.51. The firm has a market capitalization of $159.40 billion, a P/E ratio of 99.62, a P/E/G ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The company had revenue of $7.44 billion for the quarter, compared to analyst estimates of $7.10 billion. During the same quarter last year, the business earned $0.62 earnings per share. Advanced Micro Devices's revenue was up 35.9% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the completion of the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by corporate 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.

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