Transce3nd LLC Buys New Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Transce3nd LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 6,396 shares of the semiconductor manufacturer's stock, valued at approximately $772,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. KLP Kapitalforvaltning AS acquired a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $65,897,000. Enzi Wealth purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $569,000. Welch Group LLC grew its holdings in Advanced Micro Devices by 6.3% during the fourth quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer's stock worth $6,179,000 after buying an additional 2,981 shares in the last quarter. Stonegate Investment Group LLC raised its position in Advanced Micro Devices by 39.5% in the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer's stock valued at $61,896,000 after buying an additional 145,067 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Advanced Micro Devices by 19.8% in the fourth quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer's stock worth $212,943,000 after purchasing an additional 289,110 shares during the last quarter. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $3.67 on Thursday, hitting $94.06. 21,636,732 shares of the stock traded hands, compared to its average volume of 42,821,534. 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, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The firm has a 50 day simple moving average of $99.44 and a two-hundred day simple moving average of $121.95. The firm has a market cap of $152.02 billion, a price-to-earnings ratio of 95.10, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the topic of a number of recent analyst reports. Hsbc Global Res cut Advanced Micro Devices from a "strong-buy" rating to a "moderate sell" rating in a research note on Wednesday, January 8th. StockNews.com cut shares of Advanced Micro Devices from a "hold" rating to a "sell" rating in a report on Wednesday, March 26th. Susquehanna lowered their target price on Advanced Micro Devices from $150.00 to $135.00 and set a "positive" rating on the stock in a research note on Thursday. Wedbush dropped their price objective on shares of Advanced Micro Devices from $150.00 to $115.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, TD Cowen lowered their price target on shares of Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices currently has an average rating of "Moderate Buy" and an average target price of $140.57.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 17,500 shares of Advanced Micro Devices stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the completion of the transaction, the executive vice president now owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. The trade was a 1.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is currently owned by company insiders.

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.