Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by AQR Capital Management LLC

AQR Capital Management LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 55.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 276,832 shares of the semiconductor manufacturer's stock after buying an additional 99,317 shares during the quarter. AQR Capital Management LLC's holdings in Advanced Micro Devices were worth $33,439,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. KLP Kapitalforvaltning AS purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $65,897,000. Enzi Wealth acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $569,000. Welch Group LLC grew its holdings in Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after acquiring an additional 2,981 shares during the period. Stonegate Investment Group LLC raised its position in Advanced Micro Devices by 39.5% during the fourth quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock valued at $61,896,000 after acquiring an additional 145,067 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Advanced Micro Devices by 19.8% in the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock valued at $212,943,000 after acquiring an additional 289,110 shares during the period. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Up 2.2 %

Shares of Advanced Micro Devices stock opened at $98.80 on Friday. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The stock has a 50 day moving average of $97.39 and a 200 day moving average of $118.56. The firm has a market capitalization of $159.69 billion, a price-to-earnings ratio of 99.80, a PEG ratio of 1.11 and a beta of 1.89. 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 (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMD. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and cut their target price for the company from $175.00 to $129.00 in a report on Friday, January 10th. HSBC reiterated a "reduce" rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Wells Fargo & Company dropped their target price on Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Evercore ISI reduced their price target on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, April 17th. Finally, UBS Group dropped their price objective on Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have given a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of "Moderate Buy" and an average target price of $139.57.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.06% of the company's stock.

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.

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