Peregrine Asset Advisers Inc. Acquires 13,438 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Peregrine Asset Advisers Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 354.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,231 shares of the semiconductor manufacturer’s stock after acquiring an additional 13,438 shares during the quarter. Advanced Micro Devices makes up approximately 1.2% of Peregrine Asset Advisers Inc.’s portfolio, making the stock its 25th largest position. Peregrine Asset Advisers Inc.’s holdings in Advanced Micro Devices were worth $2,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMD. Chase Investment Counsel Corp raised its stake in Advanced Micro Devices by 0.7% during the 4th quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock valued at $1,772,000 after purchasing an additional 87 shares during the last quarter. Washburn Capital Management Inc. acquired a new position in Advanced Micro Devices during the 4th quarter valued at $231,000. Pathway Financial Advisors LLC bought a new position in Advanced Micro Devices in the fourth quarter worth $229,000. Independence Bank of Kentucky boosted its stake in Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after buying an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Advanced Micro Devices in the 4th quarter valued at $1,759,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 181,850 shares of company stock worth $34,637,833. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Up 3.4 %

NASDAQ AMD traded up $5.18 during trading hours on Monday, hitting $155.78. The company’s stock had a trading volume of 44,541,463 shares, compared to its average volume of 71,642,953. The stock has a fifty day moving average of $175.00 and a 200 day moving average of $152.86. Advanced Micro Devices, Inc. has a twelve month low of $89.17 and a twelve month high of $227.30. The firm has a market capitalization of $251.79 billion, a P/E ratio of 229.09, a PEG ratio of 2.33 and a beta of 1.66. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 earnings per share. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Susquehanna decreased their target price on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating on the stock in a research report on Monday, April 29th. Wells Fargo & Company upped their price objective on Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. KeyCorp cut their target price on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. Finally, Cantor Fitzgerald cut their price objective on Advanced Micro Devices from $190.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $184.24.

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.