Stonegate Investment Group LLC Buys 145,067 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stonegate Investment Group LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 39.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 512,428 shares of the semiconductor manufacturer's stock after buying an additional 145,067 shares during the period. Advanced Micro Devices makes up 1.7% of Stonegate Investment Group LLC's investment portfolio, making the stock its 21st largest holding. Stonegate Investment Group LLC's holdings in Advanced Micro Devices were worth $61,896,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Magnolia Capital Advisors LLC bought a new stake in Advanced Micro Devices in the 2nd quarter valued at about $1,019,000. Silver Lake Advisory LLC grew its stake in Advanced Micro Devices by 83.5% in the second quarter. Silver Lake Advisory LLC now owns 2,178 shares of the semiconductor manufacturer's stock valued at $353,000 after acquiring an additional 991 shares during the period. Northeast Financial Consultants Inc grew its stake in Advanced Micro Devices by 12.4% in the second quarter. Northeast Financial Consultants Inc now owns 2,839 shares of the semiconductor manufacturer's stock valued at $461,000 after acquiring an additional 314 shares during the period. Sunbelt Securities Inc. increased its holdings in shares of Advanced Micro Devices by 224.1% during the second quarter. Sunbelt Securities Inc. now owns 19,991 shares of the semiconductor manufacturer's stock valued at $3,243,000 after acquiring an additional 13,822 shares in the last quarter. Finally, Invst LLC raised its position in shares of Advanced Micro Devices by 9.0% during the second quarter. Invst LLC now owns 1,590 shares of the semiconductor manufacturer's stock worth $251,000 after purchasing an additional 131 shares during the period. Institutional investors and hedge funds own 71.34% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Monday, October 28th. UBS Group decreased their target price on shares of Advanced Micro Devices from $210.00 to $205.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Benchmark reaffirmed a "buy" rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Barclays decreased their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Finally, Morgan Stanley dropped their target price on Advanced Micro Devices from $169.00 to $158.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $173.07.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded down $0.84 during trading on Tuesday, hitting $114.17. 40,440,206 shares of the company's stock traded hands, compared to its average volume of 39,324,133. The stock has a market capitalization of $185.28 billion, a price-to-earnings ratio of 102.86, a PEG ratio of 1.09 and a beta of 1.66. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The business has a 50 day moving average of $127.65 and a 200-day moving average of $142.74. Advanced Micro Devices, Inc. has a 12-month low of $112.80 and a 12-month high of $227.30.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $6.71 billion. During the same period last year, the firm earned $0.53 EPS. Advanced Micro Devices's revenue for the quarter was up 17.6% on a year-over-year basis. As a group, equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of the business's 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 completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 over the last 90 days. Corporate insiders own 0.73% of the company's stock.

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.