MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,365,591 shares of the semiconductor manufacturer’s stock after buying an additional 33,845 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Advanced Micro Devices were worth $165,192,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AMD. Norges Bank purchased a new stake in Advanced Micro Devices during the fourth quarter valued at approximately $2,867,193,000. Kovitz Investment Group Partners LLC grew its stake in Advanced Micro Devices by 2,265.5% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 3,017,294 shares of the semiconductor manufacturer’s stock worth $364,459,000 after buying an additional 2,889,739 shares during the last quarter. Northern Trust Corp grew its stake in Advanced Micro Devices by 20.1% during the 4th quarter. Northern Trust Corp now owns 17,155,522 shares of the semiconductor manufacturer’s stock worth $2,072,215,000 after buying an additional 2,874,012 shares during the last quarter. Van ECK Associates Corp grew its stake in Advanced Micro Devices by 23.3% during the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock worth $1,432,538,000 after buying an additional 2,238,866 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in Advanced Micro Devices by 70.3% during the 4th quarter. Lazard Asset Management LLC now owns 3,609,705 shares of the semiconductor manufacturer’s stock worth $436,014,000 after buying an additional 1,490,697 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.1%

AMD opened at $102.84 on Monday. The stock has a market capitalization of $166.22 billion, a price-to-earnings ratio of 103.88, a PEG ratio of 1.11 and a beta of 1.97. The company has a fifty day moving average of $97.41 and a two-hundred day moving average of $116.14. 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 $76.48 and a fifty-two week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor manufacturer reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The company had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.10 billion. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Advanced Micro Devices’s revenue for the quarter was up 35.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share. On average, research analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 17,500 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares of the company’s stock, valued at approximately $163,607,893.70. This trade represents a 1.01% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by insiders.

Analyst Ratings Changes

AMD has been the topic of several research analyst reports. KeyCorp downgraded Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 8th. Mizuho decreased their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. Raymond James reaffirmed an “outperform” rating and issued a $120.00 price objective (down from $150.00) on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, May 7th. Finally, DZ Bank raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $118.00 price objective on the stock in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $131.13.

Advanced Micro Devices Company 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.