Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 408,938 shares of the semiconductor manufacturer’s stock after buying an additional 3,588 shares during the period. CIBC Asset Management Inc’s holdings in Advanced Micro Devices were worth $40,080,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Eagle Bay Advisors LLC boosted its stake in Advanced Micro Devices by 50.6% during the 1st quarter. Eagle Bay Advisors LLC now owns 679 shares of the semiconductor manufacturer’s stock valued at $29,000 after purchasing an additional 228 shares during the period. Tucker Asset Management LLC acquired a new position in Advanced Micro Devices during the 1st quarter valued at about $31,000. Grey Fox Wealth Advisors LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $37,000. Samalin Investment Counsel LLC boosted its stake in Advanced Micro Devices by 112.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 340 shares of the semiconductor manufacturer’s stock valued at $37,000 after purchasing an additional 180 shares during the period. Finally, NewSquare Capital LLC boosted its stake in Advanced Micro Devices by 170.8% during the 1st quarter. NewSquare Capital LLC now owns 417 shares of the semiconductor manufacturer’s stock valued at $41,000 after purchasing an additional 263 shares during the period. 68.43% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 1.7 %

Shares of AMD stock traded down $1.89 during trading hours on Tuesday, reaching $107.56. 13,726,350 shares of the stock traded hands, compared to its average volume of 64,299,246. Advanced Micro Devices, Inc. has a 1-year low of $54.57 and a 1-year high of $132.83. The business has a fifty day moving average price of $111.14 and a 200 day moving average price of $102.85. The company has a quick ratio of 1.58, a current ratio of 2.18 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $173.78 billion, a PE ratio of -5,375.31, a PEG ratio of 6.07 and a beta of 1.80.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor manufacturer reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $5.36 billion for the quarter, compared to analyst estimates of $5.32 billion. Advanced Micro Devices had a negative net margin of 0.11% and a positive return on equity of 5.69%. The firm’s revenue was down 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.91 earnings per share. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMD. Stifel Nicolaus boosted their target price on shares of Advanced Micro Devices from $98.00 to $145.00 in a research note on Wednesday, June 14th. Susquehanna boosted their target price on shares of Advanced Micro Devices from $135.00 to $145.00 and gave the company a “positive” rating in a research note on Wednesday, August 2nd. BMO Capital Markets upped their price target on shares of Advanced Micro Devices from $110.00 to $150.00 in a research note on Wednesday, June 14th. JPMorgan Chase & Co. upped their price target on shares of Advanced Micro Devices from $92.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. Finally, Craig Hallum upped their price target on shares of Advanced Micro Devices from $100.00 to $158.00 in a research note on Wednesday, June 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twenty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.19.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, SVP Harry A. Wolin sold 74,473 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $125.98, for a total value of $9,382,108.54. Following the transaction, the senior vice president now owns 1,424,864 shares in the company, valued at approximately $179,504,366.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Advanced Micro Devices news, SVP Harry A. Wolin sold 74,473 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $125.98, for a total value of $9,382,108.54. Following the transaction, the senior vice president now owns 1,424,864 shares in the company, valued at approximately $179,504,366.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $111.59, for a total transaction of $8,369,250.00. Following the completion of the transaction, the chief executive officer now owns 3,192,774 shares in the company, valued at approximately $356,281,650.66. The disclosure for this sale can be found here. In the last quarter, insiders have sold 301,116 shares of company stock worth $35,952,543. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates in four segments: 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.