American International Group Inc. increases stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

According to the latest 13F filing submitted to the SEC, American International Group Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report) up 2.1% in the fourth quarter. The institutional investor owned 580,888 shares of the semiconductor maker after purchasing an additional 11,737 shares during the quarter. Advanced Micro Devices accounts for 0.4% of American International Group Inc.’s investment portfolio, making it the 24th largest company. According to its most recent filing with the SEC, shares of American International Group Inc. at Advanced Micro Devices were worth $85,629,000.

Several other institutional investors and hedge funds have also recently changed their positions in the stock. Bare Financial Services Inc purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth $29,000. MeadowBrook Investment Advisors LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth $29,000. In the fourth quarter, Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices worth $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter worth $30,000. Finally, Addison Advisors LLC increased its holdings in Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor maker’s stock valued at $31,000 after acquiring an additional 62 shares in the last quarter. Hedge funds and other institutional investors hold 71.34% of the company’s shares.

Analyst Upgrades and Downgrades

Many stock research analysts have published reports on AMD stock. In a report on Saturday, StockNews.com downgraded Advanced Micro Devices from “hold” to “sell.” TD Cowen raised their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Roth Mkm lowered their target price on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Wednesday, May 1st. Evercore ISI lowered their target price on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Finally, KeyCorp lowered their target price on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. One analyst rated the company’s shares with a sell rating, three with a hold rating, and twenty-seven gave a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $190.83.

Get our latest stock analysis on AMD

Confidential activity at Advanced Micro Devices

In related news, Vice President Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction amount of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock valued at $255,343,378.50. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed at this link. Currently, company insiders own 0.73% of the shares.

Advanced storage efficiency of micro devices

On Friday, AMD shares fell $0.27 to $159.63. 34,054,023 shares of the company’s stock traded compared to average volume of 51,510,504. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64 . The stock has a 50-day moving average price of $159.73 and a two-hundred-day moving average price of $162.67. Advanced Micro Devices, Inc. it has a 1-year low of $93.11 and a 1-year high of $227.30. The company has a market capitalization of $258.01 billion, a price-to-earnings ratio of 234.75, a P/E/G ratio of 1.84 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMD – Get Free Report) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor maker reported $0.62 earnings per share for the quarter, $0.01 above the consensus estimate of $0.61. The company had revenue of $5.47 billion for the quarter, compared to analyst expectations of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The company’s quarterly revenue increased 2.2% year-over-year. During the same period last year, the company earned $0.43 per share. Stock analysts predict that Advanced Micro Devices, Inc. will see 2.61 earnings per share for the current year.

Advanced Micro Devices company profile

(free report)

Advanced Micro Devices, Inc operates as a semiconductor manufacturing company worldwide. It operates in the Data Center, Client, Gaming and Embedded segments. The company offers microprocessors and x86 graphics processing units (GPUs) as accelerated processing units, chipsets, data center and professional graphics processors; and embedded processors, semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technologies, data processing units, field-programmable gate arrays (FPGAs), and adaptive SoC products.

Further reading

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Advanced Micro Devices, Inc. (NASDAQ:AMD – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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