Laurel Wealth Advisors Inc. purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 23,950 shares of the semiconductor manufacturer’s stock, valued at approximately $246,000.
Other institutional investors have also recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. lifted its stake in Advanced Micro Devices by 1,655.2% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock worth $111,000 after acquiring an additional 8,243 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new position in Advanced Micro Devices in the fourth quarter worth approximately $102,000. 1492 Capital Management LLC acquired a new stake in Advanced Micro Devices during the third quarter worth approximately $128,000. Chilton Investment Co. LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $103,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $104,000. Institutional investors own 62.13% of the company’s stock.
A number of analysts have weighed in on AMD shares. Mizuho reissued a “buy” rating and set a $17.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, November 28th. Goldman Sachs cut their price objective on shares of Advanced Micro Devices from $11.40 to $10.40 and set a “sell” rating on the stock in a report on Wednesday, November 29th. BidaskClub cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, December 5th. Macquarie raised shares of Advanced Micro Devices from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $10.29 to $10.47 in a report on Monday, December 18th. Finally, Susquehanna Bancshares cut their price objective on shares of Advanced Micro Devices from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, January 18th. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.62.
In other Advanced Micro Devices news, CEO Lisa T. Su sold 87,530 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total value of $929,568.60. Following the transaction, the chief executive officer now directly owns 2,075,903 shares of the company’s stock, valued at approximately $22,046,089.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Devinder Kumar sold 36,293 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $10.62, for a total transaction of $385,431.66. Following the completion of the transaction, the chief financial officer now directly owns 477,013 shares in the company, valued at $5,065,878.06. The disclosure for this sale can be found here. Insiders sold a total of 1,268,240 shares of company stock worth $15,043,368 over the last three months. 1.60% of the stock is currently owned by corporate insiders.
Advanced Micro Devices, Inc. (NASDAQ AMD) opened at $11.47 on Friday. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.76 and a quick ratio of 1.27. The stock has a market cap of $11,115.94, a price-to-earnings ratio of 382.33, a price-to-earnings-growth ratio of 4.96 and a beta of 2.73. Advanced Micro Devices, Inc. has a 12 month low of $9.70 and a 12 month high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. Advanced Micro Devices’s revenue was up 33.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.01) EPS. equities research analysts anticipate that Advanced Micro Devices, Inc. will post 0.3 earnings per share for the current fiscal year.
About Advanced Micro Devices
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.