Investment Management Corp of Ontario Acquires 28,662 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Investment Management Corp of Ontario boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 53.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 82,270 shares of the semiconductor manufacturer's stock after buying an additional 28,662 shares during the quarter. Investment Management Corp of Ontario's holdings in Advanced Micro Devices were worth $9,937,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AMD. Czech National Bank lifted its stake in Advanced Micro Devices by 6.7% in the fourth quarter. Czech National Bank now owns 351,871 shares of the semiconductor manufacturer's stock valued at $42,502,000 after purchasing an additional 22,159 shares during the last quarter. EWG Elevate Inc. purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at $215,000. TT International Asset Management LTD grew its stake in shares of Advanced Micro Devices by 1,856.2% during the 4th quarter. TT International Asset Management LTD now owns 156,495 shares of the semiconductor manufacturer's stock worth $18,903,000 after acquiring an additional 148,495 shares during the period. Winthrop Advisory Group LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth about $286,000. Finally, Fiduciary Alliance LLC raised its stake in Advanced Micro Devices by 264.9% in the 4th quarter. Fiduciary Alliance LLC now owns 7,558 shares of the semiconductor manufacturer's stock valued at $913,000 after acquiring an additional 5,487 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Jefferies Financial Group lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their target price for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Wedbush reaffirmed an "outperform" rating and issued a $120.00 price objective (up from $115.00) on shares of Advanced Micro Devices in a report on Wednesday. Benchmark reissued a "buy" rating and set a $170.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Mizuho cut their price target on Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a report on Friday, March 14th. Finally, Argus set a $160.00 price objective on Advanced Micro Devices in a research note on Thursday, February 6th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-one have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $131.13.

Advanced Micro Devices Trading Up 1.1 %

AMD stock opened at $102.84 on Friday. The company has a market capitalization of $166.22 billion, a PE ratio of 103.88, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97. 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's 50 day moving average price is $97.41 and its two-hundred day moving average price is $116.40.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $7.10 billion. During the same quarter last year, the company earned $0.62 EPS. The firm's revenue was up 35.9% compared to the same quarter last year. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity

In related 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 transaction 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 $163,607,893.70. This represents a 1.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.06% of the stock is currently 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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