Empire Life Investments Inc. Buys Shares of 5,940 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Empire Life Investments Inc. bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 5,940 shares of the semiconductor manufacturer’s stock, valued at approximately $717,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. WealthPLAN Partners LLC lifted its position in shares of Advanced Micro Devices by 3.5% in the 4th quarter. WealthPLAN Partners LLC now owns 6,892 shares of the semiconductor manufacturer’s stock worth $832,000 after acquiring an additional 236 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of Advanced Micro Devices by 12.7% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 264,574 shares of the semiconductor manufacturer’s stock worth $31,958,000 after acquiring an additional 29,825 shares during the period. GFG Capital LLC lifted its position in shares of Advanced Micro Devices by 7.9% in the 4th quarter. GFG Capital LLC now owns 6,087 shares of the semiconductor manufacturer’s stock worth $735,000 after acquiring an additional 444 shares during the period. Asset Planning Inc bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $111,000. Finally, Vicus Capital lifted its position in shares of Advanced Micro Devices by 10.5% in the 4th quarter. Vicus Capital now owns 2,417 shares of the semiconductor manufacturer’s stock worth $292,000 after acquiring an additional 230 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.2 %

NASDAQ AMD opened at $113.10 on Friday. The stock has a fifty day moving average of $120.94 and a 200-day moving average of $138.93. The stock has a market capitalization of $183.28 billion, a P/E ratio of 114.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on AMD. Morgan Stanley reduced their price objective on Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. TD Cowen reduced their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Cantor Fitzgerald restated an “overweight” rating and set a $180.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. Argus upgraded Advanced Micro Devices to a “strong-buy” rating in a research report on Thursday, February 6th. Finally, Piper Sandler cut their target price on Advanced Micro Devices from $180.00 to $140.00 and set an “overweight” rating for the company in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, 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. 0.73% of the stock is owned by 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.