Oppenheimer Asset Management Inc. Has $9.50 Million Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Oppenheimer Asset Management Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD – Get Rating) by 86.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,031 shares of the semiconductor manufacturer’s stock after purchasing an additional 30,645 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Advanced Micro Devices were worth $9,503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MCF Advisors LLC grew its position in shares of Advanced Micro Devices by 252.8% in the third quarter. MCF Advisors LLC now owns 254 shares of the semiconductor manufacturer’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Jones Financial Companies Lllp purchased a new position in Advanced Micro Devices during the 3rd quarter valued at about $33,000. Wagner Wealth Management LLC increased its holdings in Advanced Micro Devices by 35.9% during the 3rd quarter. Wagner Wealth Management LLC now owns 284 shares of the semiconductor manufacturer’s stock valued at $34,000 after purchasing an additional 75 shares during the period. First Command Financial Services Inc. purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $34,000. Finally, Level Financial Advisors Inc. purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $36,000. 68.92% of the stock is owned by institutional investors and hedge funds.

AMD stock opened at $99.00 on Monday. The business’s 50 day simple moving average is $114.52 and its 200 day simple moving average is $125.56. Advanced Micro Devices, Inc. has a 1-year low of $72.50 and a 1-year high of $164.46. The firm has a market capitalization of $118.73 billion, a PE ratio of 39.15, a PEG ratio of 0.91 and a beta of 1.81.

Advanced Micro Devices (NASDAQ:AMD – Get Rating) last announced its earnings results on Tuesday, February 1st. The semiconductor manufacturer reported $0.83 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.14. The company had revenue of $4.83 billion during the quarter, compared to analysts’ expectations of $4.52 billion. Advanced Micro Devices had a net margin of 19.24% and a return on equity of 44.25%. Advanced Micro Devices’s quarterly revenue was up 48.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.45 earnings per share. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.7 EPS for the current fiscal year.

In related news, EVP Paul Darren Grasby sold 9,852 shares of Advanced Micro Devices stock in a transaction dated Wednesday, February 2nd. The stock was sold at an average price of $130.00, for a total value of $1,280,760.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Edward Caldwell sold 10,000 shares of Advanced Micro Devices stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $109.28, for a total value of $1,092,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 191,176 shares of company stock valued at $23,266,902 in the last three months. Insiders own 1.00% of the company’s stock.

Several research firms recently issued reports on AMD. Cowen lowered their price objective on Advanced Micro Devices from $160.00 to $145.00 in a research report on Tuesday, February 15th. Mizuho increased their price target on shares of Advanced Micro Devices from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 2nd. JPMorgan Chase & Co. increased their price target on shares of Advanced Micro Devices from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Wednesday, February 2nd. Wedbush reaffirmed an “outperform” rating and set a $165.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, January 19th. Finally, Craig Hallum lifted their price objective on shares of Advanced Micro Devices from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 2nd. Thirteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $147.41.

About Advanced Micro Devices (Get Rating)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit, chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services; and server and embedded processors, and semi-custom System-on-Chip (SoC) products, development services, and technology for game consoles.

Featured Articles