Algert Global LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 42,973 shares of the semiconductor manufacturer’s stock, valued at approximately $442,000.
Several other hedge funds also recently modified their holdings of AMD. Bronfman E.L. Rothschild L.P. boosted its stake in shares of 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 valued at $111,000 after buying an additional 8,243 shares during the period. First Personal Financial Services bought a new stake in Advanced Micro Devices during the third quarter worth $127,000. 1492 Capital Management LLC bought a new stake in Advanced Micro Devices during the third quarter worth $128,000. Cetera Investment Advisers bought a new stake in Advanced Micro Devices during the third quarter worth $137,000. Finally, Ausdal Financial Partners Inc. bought a new stake in Advanced Micro Devices during the third quarter worth $139,000. Institutional investors and hedge funds own 60.99% of the company’s stock.
Several equities research analysts have weighed in on AMD shares. Jefferies Group restated a “buy” rating and set a $19.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 25th. BNP Paribas upgraded Advanced Micro Devices from a “neutral” rating to an “outperform” rating in a research note on Thursday, October 12th. TheStreet upgraded Advanced Micro Devices from a “d” rating to a “c-” rating in a research note on Tuesday, October 24th. Mizuho restated a “buy” rating and set a $17.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, November 28th. Finally, Zacks Investment Research cut Advanced Micro Devices from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $14.87.
In related news, SVP James Robert Anderson sold 20,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $11.44, for a total value of $228,800.00. Following the completion of the sale, the senior vice president now directly owns 473,773 shares in the company, valued at $5,419,963.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark D. Papermaster sold 173,630 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $12.08, for a total value of $2,097,450.40. Following the completion of the sale, the insider now owns 1,331,579 shares of the company’s stock, valued at $16,085,474.32. The disclosure for this sale can be found here. Insiders sold 1,319,820 shares of company stock valued at $14,771,072 over the last 90 days. 1.60% of the stock is currently owned by company insiders.
Advanced Micro Devices, Inc. (NASDAQ AMD) opened at $11.57 on Tuesday. The stock has a market cap of $11,160.00, a price-to-earnings ratio of 385.67, a PEG ratio of 5.31 and a beta of 2.70. The company has a debt-to-equity ratio of 2.17, a quick ratio of 1.27 and a current ratio of 1.76. Advanced Micro Devices, Inc. has a 1-year low of $9.70 and a 1-year high of $15.65.
Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.40 billion. Advanced Micro Devices had a net margin of 0.81% and a return on equity of 16.76%. The company’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share. research analysts predict that Advanced Micro Devices, Inc. will post 0.3 EPS for the current fiscal year.
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Advanced Micro Devices Profile
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.
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