Postrock Partners LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 9,009 shares of the semiconductor manufacturer's stock, valued at approximately $1,088,000.
Other institutional investors have also modified their holdings of the company. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices during the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices during the 4th quarter worth $29,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth $32,000. Finally, IAG Wealth Partners LLC lifted its stake in Advanced Micro Devices by 74.7% in the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $33,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently commented on AMD. Roth Capital set a $140.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Susquehanna dropped their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a "positive" rating on the stock in a research note on Wednesday, February 5th. Citigroup reiterated a "buy" rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Stifel Nicolaus lowered their target price on Advanced Micro Devices from $200.00 to $162.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Finally, Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $155.83.
Check Out Our Latest Analysis on AMD
Insider Activity at Advanced Micro Devices
In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly 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 position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.73% of the company's stock.
Advanced Micro Devices Price Performance
Shares of AMD opened at $98.11 on Friday. The business's 50-day moving average is $112.54 and its 200-day moving average is $133.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The company has a market capitalization of $158.99 billion, a price-to-earnings ratio of 99.10, a P/E/G ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a fifty-two week low of $94.73 and a fifty-two week high of $196.93.
Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.
About Advanced Micro Devices
(
Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Advanced Micro Devices, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Advanced Micro Devices wasn't on the list.
While Advanced Micro Devices currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
