Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Milestone Asset Management LLC

Milestone Asset Management LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 44.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,656 shares of the semiconductor manufacturer's stock after buying an additional 2,982 shares during the period. Milestone Asset Management LLC's holdings in Advanced Micro Devices were worth $1,166,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. USAdvisors Wealth Management LLC bought a new position in shares of Advanced Micro Devices in the 4th quarter valued at $246,000. Ibex Wealth Advisors acquired a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $4,233,000. Invesco LLC increased its stake in shares of Advanced Micro Devices by 7.9% in the fourth quarter. Invesco LLC now owns 2,252 shares of the semiconductor manufacturer's stock valued at $272,000 after buying an additional 164 shares during the period. Swedbank AB raised its holdings in Advanced Micro Devices by 5.7% in the 4th quarter. Swedbank AB now owns 2,273,721 shares of the semiconductor manufacturer's stock valued at $274,643,000 after buying an additional 122,085 shares during the last quarter. Finally, Orrstown Financial Services Inc. grew its holdings in Advanced Micro Devices by 19.9% during the 4th quarter. Orrstown Financial Services Inc. now owns 4,249 shares of the semiconductor manufacturer's stock worth $513,000 after acquiring an additional 706 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Citigroup dropped their price target on Advanced Micro Devices from $200.00 to $175.00 and set a "buy" rating on the stock in a research note on Tuesday, January 21st. Melius cut shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and cut their price target for the stock from $160.00 to $129.00 in a report on Tuesday. Evercore ISI boosted their price target on shares of Advanced Micro Devices from $193.00 to $198.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. StockNews.com lowered Advanced Micro Devices from a "hold" rating to a "sell" rating in a research note on Tuesday, January 14th. Finally, Loop Capital assumed coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price target on the stock. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $171.86.

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $1.66 during mid-day trading on Thursday, hitting $119.01. The company had a trading volume of 21,442,896 shares, compared to its average volume of 38,384,008. 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. The stock's 50 day moving average price is $126.74 and its 200-day moving average price is $142.09. The company has a market capitalization of $193.14 billion, a P/E ratio of 107.19, a P/E/G ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts' consensus estimates of $0.92. The firm had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The firm's revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 80,000 shares of the company's stock in a transaction on 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 directly owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now directly owns 293,347 shares of the company's stock, valued at approximately $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. Insiders have sold 197,036 shares of company stock valued at $28,165,821 in the last ninety days. 0.73% of the stock is owned by company insiders.

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.