GKV Capital Management Co. Inc. Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GKV Capital Management Co. Inc. acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,501 shares of the semiconductor manufacturer's stock, valued at approximately $4,892,000. Advanced Micro Devices makes up approximately 2.0% of GKV Capital Management Co. Inc.'s investment portfolio, making the stock its 14th largest holding.

A number of other institutional investors have also modified their holdings of AMD. Segment Wealth Management LLC lifted its stake in shares of 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 worth $1,937,000 after purchasing an additional 87 shares in the last quarter. Breakwater Capital Group raised its holdings in shares of Advanced Micro Devices by 5.2% during 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 during the period. Koshinski Asset Management Inc. lifted its position in Advanced Micro Devices by 1.9% during the 4th quarter. Koshinski Asset Management Inc. now owns 4,762 shares of the semiconductor manufacturer's stock worth $575,000 after acquiring an additional 91 shares in the last quarter. TFG Advisers LLC boosted its holdings in Advanced Micro Devices by 2.0% in the 4th quarter. TFG Advisers LLC now owns 4,741 shares of the semiconductor manufacturer's stock worth $573,000 after acquiring an additional 92 shares during the period. Finally, BSW Wealth Partners grew its position in Advanced Micro Devices by 1.1% in 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 in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Insiders Place Their Bets

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now owns 1,713,710 shares of the company's stock, valued at $163,607,893.70. The trade was a 1.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Philip Guido bought 4,645 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on AMD. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Wolfe Research lowered Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a research report on Thursday, January 16th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. UBS Group dropped their price objective on Advanced Micro Devices from $175.00 to $155.00 and set a "buy" rating on the stock in a report on Thursday. Finally, StockNews.com cut Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and a consensus target price of $144.90.

Advanced Micro Devices Stock Performance

Shares of AMD traded down $0.79 during trading hours on Friday, reaching $87.50. 34,685,670 shares of the company's stock traded hands, compared to its average volume of 43,016,706. The firm has a market capitalization of $141.42 billion, a price-to-earnings ratio of 88.38, a P/E/G ratio of 1.11 and a beta of 1.89. The business's fifty day simple moving average is $100.93 and its two-hundred day simple moving average is $123.30. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly 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 predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices 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.