Focus Partners Wealth Purchases 450,874 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Focus Partners Wealth increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 320.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 591,644 shares of the semiconductor manufacturer's stock after buying an additional 450,874 shares during the period. Focus Partners Wealth's holdings in Advanced Micro Devices were worth $72,658,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Advanced Micro Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer's stock valued at $18,143,884,000 after acquiring an additional 1,441,626 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Advanced Micro Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer's stock valued at $4,224,840,000 after purchasing an additional 835,413 shares in the last quarter. Fisher Asset Management LLC grew its stake in Advanced Micro Devices by 1.2% during the fourth quarter. Fisher Asset Management LLC now owns 24,086,020 shares of the semiconductor manufacturer's stock worth $2,909,350,000 after purchasing an additional 290,784 shares during the period. Norges Bank bought a new stake in Advanced Micro Devices in the fourth quarter worth approximately $2,867,193,000. Finally, Northern Trust Corp lifted its stake in Advanced Micro Devices by 20.1% in the fourth quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer's stock valued at $2,072,215,000 after buying an additional 2,874,012 shares during the period. 71.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on AMD shares. Wells Fargo & Company lowered their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Benchmark reiterated a "buy" rating and set a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 18th. KeyCorp cut shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Mizuho dropped their price target on Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating on the stock in a research note on Friday, March 14th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty-one have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.13.

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $4.34 during trading hours on Tuesday, reaching $112.46. The stock had a trading volume of 55,189,020 shares, compared to its average volume of 42,633,354. The stock's fifty day simple moving average is $97.54 and its 200 day simple moving average is $115.80. The firm has a market capitalization of $182.34 billion, a PE ratio of 113.60, a PEG ratio of 1.11 and a beta of 1.97. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. 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 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. The firm had revenue of $7.44 billion during the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. The business's quarterly revenue was up 35.9% compared to the same quarter last year. During the same period last year, the firm earned $0.62 EPS. On average, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of the company's 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 completion of the sale, the executive vice president now owns 1,713,710 shares of the company's stock, valued at approximately $163,607,893.70. This represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.06% of the stock is currently owned by company insiders.

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.