BNP Paribas Purchases 39,670 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

BNP Paribas lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,421 shares of the semiconductor manufacturer's stock after acquiring an additional 39,670 shares during the quarter. BNP Paribas' holdings in Advanced Micro Devices were worth $20,376,000 as of its most recent SEC filing.

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

Advanced Micro Devices Trading Up 2.2 %

AMD opened at $98.80 on Friday. The firm has a market capitalization of $159.69 billion, a price-to-earnings ratio of 99.80, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. The company's 50 day simple moving average is $97.39 and its two-hundred day simple moving average is $118.29. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMD shares. Jefferies Financial Group cut Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Melius lowered Advanced Micro Devices from a "buy" rating to a "hold" rating and dropped their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. HSBC reaffirmed a "reduce" rating and issued a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Seaport Res Ptn raised shares of Advanced Micro Devices to a "strong-buy" rating in a research report on Wednesday. Finally, Benchmark restated a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $139.57.

Insider Activity

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

Advanced Micro Devices Company 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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