Townsquare Capital LLC Grows Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Townsquare Capital LLC raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 163,240 shares of the semiconductor manufacturer's stock after buying an additional 24,852 shares during the quarter. Townsquare Capital LLC's holdings in Advanced Micro Devices were worth $19,718,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of AMD. Howard Capital Management Group LLC raised its stake in shares of Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer's stock worth $300,000 after purchasing an additional 324 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer's stock valued at $416,430,000 after acquiring an additional 588,595 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Advanced Micro Devices by 5.5% in the third quarter. TD Private Client Wealth LLC now owns 10,528 shares of the semiconductor manufacturer's stock worth $1,727,000 after acquiring an additional 550 shares during the period. M&T Bank Corp lifted its position in Advanced Micro Devices by 6.0% during the third quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer's stock valued at $19,179,000 after purchasing an additional 6,569 shares during the period. Finally, Advisory Resource Group grew its position in Advanced Micro Devices by 19.3% during the 3rd quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer's stock worth $1,300,000 after purchasing an additional 1,282 shares during the period. Hedge funds and other institutional investors own 71.34% of the company's stock.

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Advanced Micro Devices Trading Down 8.1 %

Advanced Micro Devices stock traded down $7.69 during trading on Wednesday, hitting $87.60. The company had a trading volume of 35,103,448 shares, compared to its average volume of 40,534,758. Advanced Micro Devices, Inc. has a 1-year low of $76.48 and a 1-year high of $187.28. The company's 50 day simple moving average is $102.25 and its 200-day simple moving average is $124.83. The stock has a market cap of $141.59 billion, a price-to-earnings ratio of 88.49, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (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, analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on AMD. Melius Research reaffirmed a "hold" rating and set a $129.00 target price (down from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Loop Capital started coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They set a "buy" rating and a $175.00 target price for the company. UBS Group set a $175.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Argus set a $160.00 target price on shares of Advanced Micro Devices in a research note on Thursday, February 6th. Finally, Roth Capital set a $140.00 price target on Advanced Micro Devices in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, sixteen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $148.76.

Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now owns 33,522 shares of the company's stock, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.73% 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.