Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Keystone Financial Group

Keystone Financial Group increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 88.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,333 shares of the semiconductor manufacturer's stock after acquiring an additional 34,386 shares during the quarter. Advanced Micro Devices comprises approximately 0.8% of Keystone Financial Group's portfolio, making the stock its 21st largest holding. Keystone Financial Group's holdings in Advanced Micro Devices were worth $8,547,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

In other Advanced Micro Devices 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 cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company's stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is owned by corporate insiders.

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Advanced Micro Devices Price Performance

Shares of AMD traded up $0.79 during trading hours on Tuesday, reaching $95.29. 26,101,434 shares of the company traded hands, compared to its average volume of 43,306,782. The stock has a market capitalization of $154.02 billion, a PE ratio of 96.25, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The stock has a fifty day simple moving average of $102.25 and a 200 day simple moving average of $124.83. Advanced Micro Devices, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on AMD shares. StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Wednesday, March 26th. Summit Insights upgraded Advanced Micro Devices to a "hold" rating in a research note on Tuesday, February 4th. Susquehanna lowered their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a research report on Wednesday, February 5th. Mizuho reduced their target price on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Finally, UBS Group set a $175.00 price objective on Advanced Micro Devices in a report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $148.76.

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.