Prakash Investment Advisors LLC Invests $527,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Prakash Investment Advisors LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,360 shares of the semiconductor manufacturer's stock, valued at approximately $527,000. Advanced Micro Devices makes up 0.5% of Prakash Investment Advisors LLC's portfolio, making the stock its 29th biggest holding.

Several other hedge funds have also bought and sold shares of the business. ING Groep NV grew its position in Advanced Micro Devices by 8.8% in the 4th quarter. ING Groep NV now owns 684,649 shares of the semiconductor manufacturer's stock valued at $82,699,000 after purchasing an additional 55,212 shares during the period. Pacific Sun Financial Corp boosted its holdings in Advanced Micro Devices by 15.7% during the 4th quarter. Pacific Sun Financial Corp now owns 1,985 shares of the semiconductor manufacturer's stock worth $240,000 after acquiring an additional 270 shares during the last quarter. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices during the 4th quarter worth $25,000. Citizens National Bank Trust Department boosted its holdings in Advanced Micro Devices by 54.4% during the 4th quarter. Citizens National Bank Trust Department now owns 10,331 shares of the semiconductor manufacturer's stock worth $1,248,000 after acquiring an additional 3,640 shares during the last quarter. Finally, Boston Financial Mangement LLC boosted its holdings in Advanced Micro Devices by 13.3% during the 4th quarter. Boston Financial Mangement LLC now owns 6,404 shares of the semiconductor manufacturer's stock worth $774,000 after acquiring an additional 750 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on AMD. Susquehanna cut 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 report on Wednesday, February 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Loop Capital began coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They set a "buy" rating and a $175.00 target price on the stock. Wells Fargo & Company lowered their target price on Advanced Micro Devices from $165.00 to $140.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 5th. Finally, UBS Group lowered their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $158.70.

Advanced Micro Devices Trading Down 2.9 %

Shares of Advanced Micro Devices stock traded down $3.33 during midday trading on Friday, reaching $110.84. 41,194,513 shares of the company's stock traded hands, compared to its average volume of 40,816,133. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The company has a market cap of $179.61 billion, a PE ratio of 111.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. The stock has a 50 day moving average of $119.16 and a 200-day moving average of $138.11. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30.

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

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company's stock, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Philip Guido acquired 4,645 shares of the company's stock in a transaction that occurred on Friday, February 7th. The shares were acquired 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 directly owns 33,522 shares of the company's stock, valued at $3,605,626.32. The trade was 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 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.