Fort Washington Investment Advisors Inc. OH Has $1.13 Million Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fort Washington Investment Advisors Inc. OH lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 202.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,340 shares of the semiconductor manufacturer’s stock after acquiring an additional 6,255 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Advanced Micro Devices were worth $1,128,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of AMD. Abich Financial Wealth Management LLC grew its stake in shares of Advanced Micro Devices by 101.8% in the second quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. AQR Capital Management LLC lifted its position in Advanced Micro Devices by 5.7% in the second quarter. AQR Capital Management LLC now owns 294,567 shares of the semiconductor manufacturer’s stock worth $47,782,000 after purchasing an additional 15,975 shares during the period. APG Asset Management US Inc. lifted its position in Advanced Micro Devices by 15.0% in the second quarter. APG Asset Management US Inc. now owns 661,237 shares of the semiconductor manufacturer’s stock worth $104,270,000 after purchasing an additional 86,293 shares during the period. APG Asset Management N.V. lifted its position in Advanced Micro Devices by 1.9% in the second quarter. APG Asset Management N.V. now owns 1,261,068 shares of the semiconductor manufacturer’s stock worth $190,863,000 after purchasing an additional 23,968 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in Advanced Micro Devices by 10.4% in the second quarter. Ameriprise Financial Inc. now owns 7,495,184 shares of the semiconductor manufacturer’s stock worth $1,215,998,000 after purchasing an additional 707,705 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares of the company’s stock, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

Shares of AMD stock opened at $123.04 on Friday. The stock has a 50-day moving average price of $128.68 and a 200 day moving average price of $144.27. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a market cap of $199.67 billion, a price-to-earnings ratio of 110.85, a PEG ratio of 1.08 and a beta of 1.66. Advanced Micro Devices, Inc. has a 12 month low of $114.41 and a 12 month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting analysts’ consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. Research analysts expect that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMD. KeyCorp reduced their target price on Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, January 14th. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. TD Cowen reduced their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Finally, HSBC reissued a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.71.

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.