4,529 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Acquired by Coign Capital Advisors LLC

Coign Capital Advisors LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,529 shares of the semiconductor manufacturer's stock, valued at approximately $547,000.

Other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new position in shares of Advanced Micro Devices during the 4th quarter valued at approximately $65,897,000. Enzi Wealth acquired a new stake in shares of Advanced Micro Devices during the 4th quarter valued at about $569,000. Welch Group LLC increased its stake in shares of Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock valued at $6,179,000 after purchasing an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC raised its holdings in Advanced Micro Devices by 39.5% in the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock worth $61,896,000 after purchasing an additional 145,067 shares during the period. Finally, Nordea Investment Management AB grew its holdings in Advanced Micro Devices by 19.8% in the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock valued at $212,943,000 after purchasing an additional 289,110 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AMD. HSBC reiterated a "reduce" rating and set a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Barclays cut their target price 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. Wedbush reaffirmed an "outperform" rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. KeyCorp cut Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a report on Tuesday, April 8th. Finally, Stifel Nicolaus lowered their price target on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $148.76.

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Advanced Micro Devices Stock Performance

AMD traded up $1.03 during trading on Tuesday, hitting $95.53. 15,927,263 shares of the stock were exchanged, compared to its average volume of 43,333,015. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $154.40 billion, a P/E ratio of 96.50, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The stock has a fifty day moving average price of $102.54 and a two-hundred day moving average price of $125.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) 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, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price 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 of the company's stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by corporate insiders.

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.