SLT Holdings LLC Purchases New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

SLT Holdings LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,453 shares of the semiconductor manufacturer's stock, valued at approximately $417,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AMD. Argentarii LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $272,000. OFI Invest Asset Management purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $8,910,000. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Advanced Micro Devices by 0.3% in the fourth quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 139,498 shares of the semiconductor manufacturer's stock worth $16,850,000 after acquiring an additional 386 shares in the last quarter. Naviter Wealth LLC raised its stake in shares of Advanced Micro Devices by 41.5% in the 4th quarter. Naviter Wealth LLC now owns 17,921 shares of the semiconductor manufacturer's stock valued at $2,165,000 after acquiring an additional 5,258 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in shares of Advanced Micro Devices during the 4th quarter valued at $127,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Philip Guido purchased 4,645 shares of the firm's stock in a transaction on Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.73% of the stock is owned by insiders.

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Analysts Set New Price Targets

Several brokerages recently issued reports on AMD. Argus set a $160.00 price target on Advanced Micro Devices in a report on Thursday, February 6th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $175.00 to $129.00 in a research report on Friday, January 10th. Melius lowered shares of Advanced Micro Devices from a "buy" rating to a "hold" rating and lowered their price target for the company from $160.00 to $129.00 in a report on Tuesday, January 28th. UBS Group set a $175.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, Loop Capital began coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average price target of $155.83.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD traded up $1.46 during midday trading on Friday, hitting $100.31. 33,215,626 shares of the company's stock were exchanged, compared to its average volume of 40,023,836. Advanced Micro Devices, Inc. has a twelve month low of $95.89 and a twelve month high of $227.30. The firm has a market cap of $162.55 billion, a P/E ratio of 101.32, a PEG ratio of 1.11 and a beta of 1.74. The stock's 50 day moving average price is $114.39 and its 200-day moving average price is $134.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

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

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.