Intellus Advisors LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,613 shares of the semiconductor manufacturer's stock, valued at approximately $1,886,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Plancorp LLC increased its holdings in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Plancorp LLC now owns 5,134 shares of the semiconductor manufacturer's stock valued at $620,000 after acquiring an additional 112 shares in the last quarter. Runnymede Capital Advisors Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at $250,000. Mizuho Securities USA LLC increased its stake in Advanced Micro Devices by 46.6% during the 4th quarter. Mizuho Securities USA LLC now owns 153,805 shares of the semiconductor manufacturer's stock valued at $18,578,000 after purchasing an additional 48,855 shares in the last quarter. Virtu Financial LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $11,120,000. Finally, ZEGA Investments LLC bought a new position in shares of Advanced Micro Devices in the fourth quarter valued at $278,000. 71.34% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts have recently commented on AMD shares. Argus set a $160.00 target price on shares of Advanced Micro Devices in a research report on Thursday, February 6th. TD Cowen decreased their price objective on Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating for the company in a report on Monday, January 13th. Melius Research restated a "hold" rating and issued a $129.00 target price (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Benchmark reiterated a "buy" rating and set a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. Finally, Loop Capital assumed coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a "buy" rating and a $175.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.14.
Read Our Latest Research Report on AMD
Advanced Micro Devices Stock Performance
Shares of NASDAQ AMD traded up $0.96 during midday trading on Tuesday, hitting $114.81. The company's stock had a trading volume of 28,999,368 shares, compared to its average volume of 43,498,447. The firm has a market capitalization of $186.05 billion, a price-to-earnings ratio of 115.97, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $110.21 and a 200 day moving average price of $131.60. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released 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 net margin of 6.36% and a return on equity of 7.42%. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.
Insider Activity at Advanced Micro Devices
In other news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by corporate insiders.
About Advanced Micro Devices
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Free Report)
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.
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