35,040 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 35,040 shares of the semiconductor manufacturer's stock, valued at approximately $4,233,000.

Other large investors also recently bought and sold shares of the company. Invst LLC raised its position in Advanced Micro Devices by 9.0% during the second quarter. Invst LLC now owns 1,590 shares of the semiconductor manufacturer's stock worth $251,000 after acquiring an additional 131 shares during the period. Regal Investment Advisors LLC boosted its stake in shares of Advanced Micro Devices by 8.4% in the second quarter. Regal Investment Advisors LLC now owns 10,024 shares of the semiconductor manufacturer's stock valued at $1,626,000 after purchasing an additional 773 shares during the period. EP Wealth Advisors LLC raised its holdings in Advanced Micro Devices by 21.1% in the second quarter. EP Wealth Advisors LLC now owns 55,566 shares of the semiconductor manufacturer's stock valued at $9,013,000 after acquiring an additional 9,700 shares in the last quarter. IMS Capital Management raised its holdings in Advanced Micro Devices by 5.6% in the second quarter. IMS Capital Management now owns 7,544 shares of the semiconductor manufacturer's stock valued at $1,180,000 after acquiring an additional 402 shares in the last quarter. Finally, Advisory Alpha LLC raised its holdings in Advanced Micro Devices by 7.5% during the second quarter. Advisory Alpha LLC now owns 4,674 shares of the semiconductor manufacturer's stock worth $758,000 after purchasing an additional 326 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $3.18 during midday trading on Wednesday, reaching $117.35. 39,165,720 shares of the company traded hands, compared to its average volume of 39,320,879. The stock has a 50-day moving average price of $127.14 and a 200 day moving average price of $142.27. The company has a market cap of $190.44 billion, a price-to-earnings ratio of 105.72, a PEG ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $112.80 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting analysts' consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter last year, the business posted $0.53 EPS. Advanced Micro Devices's revenue was up 17.6% on a year-over-year basis. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AMD shares. Loop Capital began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 target price on the stock. Wells Fargo & Company lowered their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. Roth Mkm reaffirmed a "buy" rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Barclays reduced their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Finally, TD Cowen reduced their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a "buy" rating on the stock in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Advanced Micro Devices currently has a consensus rating of "Moderate Buy" and an average price target of $171.86.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total value of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares of the company's stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 197,036 shares of company stock worth $28,165,821. 0.65% of the stock is currently owned by company insiders.

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.