Fortis Capital Advisors LLC Acquires 7,235 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Fortis Capital Advisors LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 137.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,485 shares of the semiconductor manufacturer’s stock after buying an additional 7,235 shares during the quarter. Advanced Micro Devices comprises 1.0% of Fortis Capital Advisors LLC’s investment portfolio, making the stock its 20th largest position. Fortis Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $1,840,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AMD. Vanguard Group Inc. lifted its stake in shares of Advanced Micro Devices by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock valued at $14,400,437,000 after purchasing an additional 1,153,611 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Advanced Micro Devices by 2.2% in the 4th quarter. Fisher Asset Management LLC now owns 28,368,826 shares of the semiconductor manufacturer’s stock valued at $4,181,849,000 after purchasing an additional 600,638 shares during the period. Jennison Associates LLC lifted its stake in shares of Advanced Micro Devices by 5.9% in the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after purchasing an additional 1,490,997 shares during the period. Norges Bank purchased a new position in Advanced Micro Devices during the fourth quarter valued at $3,426,529,000. Finally, Northern Trust Corp raised its stake in Advanced Micro Devices by 2.5% during the third quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock valued at $1,631,021,000 after buying an additional 385,636 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded up $5.93 during mid-day trading on Friday, hitting $166.36. 54,868,646 shares of the company traded hands, compared to its average volume of 48,877,128. The stock’s fifty day moving average price is $164.25 and its 200-day moving average price is $158.01. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm has a market cap of $268.89 billion, a price-to-earnings ratio of 244.65, a price-to-earnings-growth ratio of 1.91 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. Advanced Micro Devices’s revenue for the quarter was up 2.2% on a year-over-year basis. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AMD has been the subject of a number of recent research reports. Wedbush reiterated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, May 1st. DZ Bank upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $190.00 price objective for the company in a research note on Tuesday, May 7th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday, May 4th. TD Cowen lifted their price objective on Advanced Micro Devices from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, KeyCorp lowered their price objective on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research note on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $185.26.

Insider Activity

In other news, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares in the company, valued at $457,151.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Darla M. Smith sold 1,678 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Insiders have sold 165,650 shares of company stock worth $31,761,199 over the last ninety days. Corporate insiders own 0.73% of the company’s stock.

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.