Arrow Capital Pty Ltd Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Arrow Capital Pty Ltd acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 15,000 shares of the semiconductor manufacturer's stock, valued at approximately $1,812,000. Advanced Micro Devices comprises about 1.7% of Arrow Capital Pty Ltd's holdings, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in AMD. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at $25,000. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $29,000. Summit Securities Group LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $32,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Down 0.9 %

NASDAQ AMD traded down $0.79 during trading hours on Friday, reaching $87.50. The company's stock had a trading volume of 34,685,670 shares, compared to its average volume of 43,016,706. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The firm has a fifty day simple moving average of $100.93 and a 200-day simple moving average of $123.30. The stock has a market cap of $141.42 billion, a P/E ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AMD. KeyCorp lowered Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, April 8th. Hsbc Global Res downgraded Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a report on Wednesday, January 8th. Wolfe Research downgraded shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research note on Thursday, January 16th. Barclays dropped their price objective on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of "Moderate Buy" and a consensus target price of $144.90.

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.