Professional Advisory Services Inc. Invests $13.66 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Professional Advisory Services Inc. bought a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 113,091 shares of the semiconductor manufacturer's stock, valued at approximately $13,660,000.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in Advanced Micro Devices by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer's stock worth $1,584,515,000 after buying an additional 177,700 shares in the last quarter. Swiss National Bank lifted its holdings in shares of Advanced Micro Devices by 0.3% in the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer's stock worth $787,186,000 after acquiring an additional 12,500 shares during the last quarter. Shum Financial Group Inc. purchased a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at $858,000. State Street Corp grew its holdings in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer's stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Advanced Micro Devices by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer's stock worth $5,597,337,000 after purchasing an additional 441,924 shares during the period. Institutional investors own 71.34% of the company's stock.

Analysts Set New Price Targets

AMD has been the subject of several analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $180.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, October 30th. The Goldman Sachs Group lowered Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Roth Mkm reaffirmed a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Friday, October 11th. Hsbc Global Res lowered Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. Finally, KeyCorp lowered their price target on shares of Advanced Micro Devices from $220.00 to $150.00 and set an "overweight" rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Advanced Micro Devices presently has an average rating of "Moderate Buy" and a consensus price target of $178.61.

Advanced Micro Devices Stock Performance

AMD stock traded up $3.02 during trading on Friday, reaching $121.46. The stock had a trading volume of 35,556,654 shares, compared to its average volume of 34,940,360. The stock's 50 day moving average is $129.94 and its two-hundred day moving average is $145.32. The firm has a market cap of $197.11 billion, a PE ratio of 109.42, a PEG ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $114.41 and a 52 week high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

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

Insider Transactions at Advanced Micro Devices

In related news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Lisa T. Su sold 80,000 shares of the 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 owns 3,566,762 shares of the company's stock, valued at $513,150,048.94. The trade was a 2.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,036 shares of company stock worth $28,165,821 in the last three months. Corporate insiders own 0.65% of the company's stock.

Advanced Micro Devices 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.