Investment House LLC Makes New $2.10 Million Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Investment House LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 14,274 shares of the semiconductor manufacturer’s stock, valued at approximately $2,104,000.

A number of other institutional investors have also recently made changes to their positions in AMD. Washburn Capital Management Inc. purchased a new stake in Advanced Micro Devices in the fourth quarter worth $231,000. Pathway Financial Advisors LLC purchased a new stake in Advanced Micro Devices in the fourth quarter worth $229,000. Independence Bank of Kentucky lifted its stake in Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after acquiring an additional 1,677 shares during the period. Gendell Jeffrey L purchased a new stake in Advanced Micro Devices in the third quarter worth $3,085,000. Finally, Sara Bay Financial purchased a new stake in Advanced Micro Devices in the fourth quarter worth $315,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock worth $62,580,844 in the last quarter. 0.65% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AMD shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $190.00 price objective on shares of Advanced Micro Devices in a report on Monday, March 4th. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Citigroup raised their target price on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. raised their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Finally, Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective on the stock in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $184.68.

Advanced Micro Devices Trading Up 2.0 %

AMD traded up $3.21 during trading hours on Monday, reaching $160.61. 31,811,561 shares of the company’s stock traded hands, compared to its average volume of 72,270,063. The firm has a 50-day moving average price of $177.46 and a 200 day moving average price of $150.85. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $259.57 billion, a PE ratio of 307.04, a PEG ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the business earned $0.54 EPS. Advanced Micro Devices’s revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

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.