Atlas Legacy Advisors LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,874 shares of the semiconductor manufacturer's stock, valued at approximately $468,000.
Other institutional investors also recently modified their holdings of the company. Swedbank AB boosted its position in shares of Advanced Micro Devices by 0.8% in the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer's stock valued at $353,040,000 after acquiring an additional 17,446 shares during the period. Howard Capital Management Group LLC lifted its stake in Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock worth $300,000 after purchasing an additional 324 shares in the last quarter. Vest Financial LLC boosted its holdings in Advanced Micro Devices by 199.0% in the 3rd quarter. Vest Financial LLC now owns 6,733 shares of the semiconductor manufacturer's stock valued at $1,105,000 after purchasing an additional 4,481 shares during the period. Castleview Partners LLC grew its position in shares of Advanced Micro Devices by 10.8% during the 3rd quarter. Castleview Partners LLC now owns 843 shares of the semiconductor manufacturer's stock valued at $138,000 after purchasing an additional 82 shares in the last quarter. Finally, Waterway Wealth Management LLC bought a new position in shares of Advanced Micro Devices in the third quarter worth $212,000. 71.34% of the stock is currently owned by hedge funds and other institutional investors.
Advanced Micro Devices Trading Down 2.9 %
Shares of NASDAQ AMD traded down $3.33 during midday trading on Friday, hitting $110.84. 41,194,513 shares of the company traded hands, compared to its average volume of 40,816,133. Advanced Micro Devices, Inc. has a 12-month low of $106.50 and a 12-month high of $227.30. The firm has a market cap of $179.61 billion, a P/E ratio of 111.96, a P/E/G ratio of 1.15 and a beta of 1.65. The stock has a 50-day moving average price of $119.16 and a 200 day moving average price of $138.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on AMD shares. Wells Fargo & Company dropped their price objective on Advanced Micro Devices from $165.00 to $140.00 and set an "overweight" rating for the company in a research note on Wednesday, February 5th. Barclays dropped their price target on Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Melius cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Mizuho lowered their target price on shares of Advanced Micro Devices from $160.00 to $140.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Finally, Wedbush reissued an "outperform" rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $158.70.
Check Out Our Latest Research Report on AMD
Insiders Place Their Bets
In related news, EVP Philip Guido purchased 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 purchase, the executive vice president now directly owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company's stock, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The disclosure for this sale can be found here. 0.73% of the stock is owned by corporate insiders.
About Advanced Micro Devices
(
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.
See Also
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