Synovus Financial Corp Grows Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Synovus Financial Corp increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 24.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,099 shares of the semiconductor manufacturer's stock after acquiring an additional 8,330 shares during the period. Synovus Financial Corp's holdings in Advanced Micro Devices were worth $5,085,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Summit Investment Advisors Inc. boosted its holdings in Advanced Micro Devices by 6.1% in the fourth quarter. Summit Investment Advisors Inc. now owns 94,066 shares of the semiconductor manufacturer's stock valued at $11,362,000 after purchasing an additional 5,369 shares during the period. Stamos Capital Partners L.P. raised its position in Advanced Micro Devices by 72.6% in the 4th quarter. Stamos Capital Partners L.P. now owns 36,530 shares of the semiconductor manufacturer's stock valued at $4,412,000 after purchasing an additional 15,370 shares in the last quarter. Primoris Wealth Advisors LLC boosted its stake in shares of Advanced Micro Devices by 1,650.4% in the 4th quarter. Primoris Wealth Advisors LLC now owns 33,205 shares of the semiconductor manufacturer's stock valued at $4,011,000 after buying an additional 31,308 shares during the period. Bragg Financial Advisors Inc grew its position in shares of Advanced Micro Devices by 2.9% during the fourth quarter. Bragg Financial Advisors Inc now owns 91,725 shares of the semiconductor manufacturer's stock worth $11,079,000 after buying an additional 2,580 shares in the last quarter. Finally, Altman Advisors Inc. increased its stake in shares of Advanced Micro Devices by 2.8% during the fourth quarter. Altman Advisors Inc. now owns 9,358 shares of the semiconductor manufacturer's stock worth $1,130,000 after buying an additional 259 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

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Advanced Micro Devices Price Performance

Shares of AMD traded up $0.79 on Tuesday, reaching $95.29. The stock had a trading volume of 26,101,434 shares, compared to its average volume of 43,306,721. The firm has a 50-day moving average of $102.54 and a 200 day moving average of $125.03. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $154.02 billion, a PE ratio of 96.25, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its 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 net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insider Transactions at Advanced Micro Devices

In other news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.73% of the company's stock.

Analysts Set New Price Targets

AMD has been the topic of a number of recent analyst reports. Mizuho dropped their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating on the stock in a research report on Friday, March 14th. Argus set a $160.00 price target on Advanced Micro Devices in a research note on Thursday, February 6th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. KeyCorp downgraded shares of Advanced Micro Devices from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, April 8th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $148.76.

Advanced Micro Devices Company 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.