Impax Asset Management Group plc Grows Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Impax Asset Management Group plc raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 57.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,408 shares of the semiconductor manufacturer’s stock after buying an additional 2,708 shares during the quarter. Impax Asset Management Group plc’s holdings in Advanced Micro Devices were worth $895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Creative Capital Management Investments LLC raised its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after purchasing an additional 86 shares during the last quarter. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $26,000. Retirement Wealth Solutions LLC purchased a new position in shares of Advanced Micro Devices in the fourth quarter worth about $32,000. Finally, Compass Financial Services Inc acquired a new stake in Advanced Micro Devices during the fourth quarter worth about $39,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AMD has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Mizuho dropped their target price on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Finally, Stifel Nicolaus dropped their target price on Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $103.96 on Wednesday. The stock’s fifty day moving average is $118.05 and its two-hundred day moving average is $137.65. The firm has a market capitalization of $168.47 billion, a P/E ratio of 105.01, a price-to-earnings-growth ratio of 1.11 and a beta of 1.66. 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 fifty-two week low of $103.62 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.