Bank Julius Baer & Co. Ltd Zurich Sells 14,699 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bank Julius Baer & Co. Ltd Zurich trimmed its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 297,512 shares of the semiconductor manufacturer’s stock after selling 14,699 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Advanced Micro Devices were worth $38,852,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bedell Frazier Investment Counselling LLC lifted its stake in Advanced Micro Devices by 4.3% in the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after purchasing an additional 74 shares during the last quarter. NCM Capital Management LLC increased its holdings in shares of Advanced Micro Devices by 0.9% during the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock worth $1,420,000 after acquiring an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its stake in Advanced Micro Devices by 15.2% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after acquiring an additional 76 shares during the period. Bank of Marin lifted its holdings in Advanced Micro Devices by 1.3% during the 3rd quarter. Bank of Marin now owns 6,007 shares of the semiconductor manufacturer’s stock valued at $986,000 after purchasing an additional 80 shares during the last quarter. Finally, Northeast Financial Consultants Inc boosted its position in Advanced Micro Devices by 2.9% during the third quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock worth $479,000 after purchasing an additional 81 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the business’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 acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Price Performance

AMD stock opened at $100.31 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $95.89 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market cap of $162.55 billion, a price-to-earnings ratio of 101.32, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a 50 day simple moving average of $114.39 and a 200 day simple moving average of $135.13.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. HSBC reissued 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. DZ Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Friday, February 7th. Mizuho reduced their price objective on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Loop Capital initiated coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Two analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $155.83.

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.