Legacy Capital Group California Inc. Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Legacy Capital Group California Inc. purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 6,604 shares of the semiconductor manufacturer's stock, valued at approximately $798,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AMD. Creative Capital Management Investments LLC grew its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after buying an additional 86 shares in the last quarter. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter valued at approximately $32,000. Finally, Compass Financial Services Inc acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $39,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent analyst reports. DZ Bank lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and set a $120.00 price target for the company. in a report on Friday, February 7th. StockNews.com downgraded Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Tuesday, January 14th. Susquehanna dropped their target price on 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. HSBC reissued a "reduce" rating and issued a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, Benchmark restated a "buy" rating and set a $170.00 price objective on shares of Advanced Micro Devices in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $158.70.

Advanced Micro Devices Price Performance

AMD traded down $3.33 on Friday, reaching $110.84. The company had a trading volume of 41,194,513 shares, compared to its average volume of 40,816,133. The company has a market capitalization of $179.61 billion, a P/E ratio of 111.96, a PEG ratio of 1.15 and a beta of 1.65. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $119.16 and a 200-day moving average of $138.11. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction 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 company's stock in a transaction that occurred on Friday, February 7th. The stock was acquired 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 directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 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.