Aquatic Capital Management LLC Buys New Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Aquatic Capital Management LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 216,609 shares of the semiconductor manufacturer's stock, valued at approximately $26,164,000. Advanced Micro Devices makes up 0.7% of Aquatic Capital Management LLC's investment portfolio, making the stock its 24th largest holding.

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

Advanced Micro Devices Trading Down 0.3 %

Shares of NASDAQ:AMD traded down $0.25 on Monday, hitting $96.39. 30,402,016 shares of the company's stock were exchanged, compared to its average volume of 42,765,158. The business's 50 day simple moving average is $98.72 and its two-hundred day simple moving average is $120.25. 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 stock has a market capitalization of $155.79 billion, a price-to-earnings ratio of 97.36, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting analysts' consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Philip Guido bought 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, for a total transaction of $499,616.20. Following the completion of 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 trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark D. Papermaster sold 17,500 shares of the business'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 transaction of $1,670,725.00. Following the sale, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $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.

Analysts Set New Price Targets

A number of research firms have issued reports on AMD. Barclays cut their price target on Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Melius Research reiterated a "hold" rating and set a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Argus set a $160.00 target price on Advanced Micro Devices in a research report on Thursday, February 6th. Benchmark reaffirmed a "buy" rating and set a $170.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Finally, DZ Bank downgraded shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target on the stock. in a report on Friday, February 7th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $140.57.

About Advanced Micro Devices

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.