Banque Transatlantique SA Invests $25.20 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Banque Transatlantique SA acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 229,459 shares of the semiconductor manufacturer's stock, valued at approximately $25,199,000.

A number of other large investors have also modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after acquiring an additional 588,595 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Advanced Micro Devices by 22.3% during the fourth quarter. Versant Capital Management Inc now owns 1,379 shares of the semiconductor manufacturer's stock worth $167,000 after buying an additional 251 shares during the last quarter. 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 buying an additional 289,110 shares during the period. Boltwood Capital Management grew its holdings in Advanced Micro Devices by 15.3% during the 4th quarter. Boltwood Capital Management now owns 2,413 shares of the semiconductor manufacturer's stock worth $291,000 after acquiring an additional 320 shares during the period. Finally, Capital Market Strategies LLC raised its position in shares of Advanced Micro Devices by 20.7% during the 4th quarter. Capital Market Strategies LLC now owns 5,511 shares of the semiconductor manufacturer's stock valued at $666,000 after acquiring an additional 947 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Evercore ISI lowered their target price on shares of Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Jefferies Financial Group lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and reduced their target price for the stock from $135.00 to $120.00 in a report on Thursday, March 27th. Barclays dropped their target price on Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Mizuho cut their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Finally, KeyCorp cut Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $131.81.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $1.92 during mid-day trading on Wednesday, reaching $100.54. The company had a trading volume of 86,287,711 shares, compared to its average volume of 42,412,763. The company's 50-day moving average price is $97.29 and its 200-day moving average price is $117.51. Advanced Micro Devices, Inc. has a one year low of $76.48 and a one year high of $187.28. The firm has a market cap of $162.50 billion, a price-to-earnings ratio of 101.55, a PEG ratio of 1.11 and a beta of 1.97. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

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

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.