Summit Investment Advisors Inc. Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Summit Investment Advisors Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 6.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,066 shares of the semiconductor manufacturer's stock after acquiring an additional 5,369 shares during the period. Summit Investment Advisors Inc.'s holdings in Advanced Micro Devices were worth $11,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Segment Wealth Management LLC lifted its holdings in Advanced Micro Devices by 0.5% during the fourth quarter. Segment Wealth Management LLC now owns 16,038 shares of the semiconductor manufacturer's stock valued at $1,937,000 after purchasing an additional 87 shares in the last quarter. Breakwater Capital Group lifted its stake in Advanced Micro Devices by 5.2% in the 4th quarter. Breakwater Capital Group now owns 1,767 shares of the semiconductor manufacturer's stock valued at $213,000 after buying an additional 88 shares in the last quarter. Koshinski Asset Management Inc. boosted its holdings in Advanced Micro Devices by 1.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after buying an additional 91 shares during the last quarter. TFG Advisers LLC increased its stake in Advanced Micro Devices by 2.0% during the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock worth $573,000 after buying an additional 92 shares in the last quarter. Finally, BSW Wealth Partners raised its holdings in shares of Advanced Micro Devices by 1.1% during the fourth quarter. BSW Wealth Partners now owns 8,843 shares of the semiconductor manufacturer's stock valued at $1,068,000 after acquiring an additional 94 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

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Advanced Micro Devices Trading Up 0.8 %

NASDAQ AMD traded up $0.79 on Tuesday, reaching $95.29. The stock had a trading volume of 26,101,434 shares, compared to its average volume of 43,306,782. Advanced Micro Devices, Inc. has a 12-month low of $76.48 and a 12-month high of $187.28. The stock has a fifty day moving average price of $102.25 and a two-hundred day moving average price of $124.83. The firm has a market capitalization of $154.02 billion, a price-to-earnings ratio of 96.25, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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 (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on AMD shares. UBS Group set a $175.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. TD Cowen lowered their target price on shares of Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Mizuho reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a research report on Friday, March 14th. 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. Finally, 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. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $148.76.

Insider Activity

In related news, EVP Philip Guido bought 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.73% of the company's stock.

Advanced Micro Devices Company 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.