AGP Franklin LLC Invests $2.24 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

AGP Franklin LLC bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 18,580 shares of the semiconductor manufacturer's stock, valued at approximately $2,244,000.

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Susquehanna decreased their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating for the company in a research note on Wednesday, February 5th. Barclays decreased their target price 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. Benchmark reissued a "buy" rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Hsbc Global Res downgraded shares of Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Finally, Melius downgraded Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their price target for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $144.90.

Advanced Micro Devices Price Performance

AMD traded down $0.79 during midday trading on Friday, reaching $87.50. 34,685,670 shares of the company's stock were exchanged, compared to its average volume of 43,130,917. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The stock has a market capitalization of $141.42 billion, a PE ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business's 50-day moving average price is $100.93 and its 200 day moving average price is $123.55.

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, 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%. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of the business's stock in a transaction on Friday, February 7th. The shares were 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 directly 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 acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by insiders.

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.