Schnieders Capital Management LLC Boosts Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Schnieders Capital Management LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,979 shares of the semiconductor manufacturer’s stock after buying an additional 425 shares during the quarter. Schnieders Capital Management LLC’s holdings in Advanced Micro Devices were worth $1,766,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AMD. Washburn Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the fourth quarter valued at about $231,000. Pathway Financial Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $229,000. Independence Bank of Kentucky lifted its stake in Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 1,677 shares in the last quarter. Meridian Wealth Management LLC boosted its holdings in Advanced Micro Devices by 135.6% in the 3rd quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock valued at $21,135,000 after purchasing an additional 118,090 shares during the period. Finally, Gendell Jeffrey L purchased a new position in shares of Advanced Micro Devices during the 3rd quarter valued at $3,085,000. 71.34% of the stock is owned by institutional investors.

Advanced Micro Devices Trading Up 2.4 %

Advanced Micro Devices stock traded up $3.63 during mid-day trading on Tuesday, reaching $152.27. 45,968,803 shares of the company traded hands, compared to its average volume of 73,946,445. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The firm has a market capitalization of $246.09 billion, a price-to-earnings ratio of 292.83, a P/E/G ratio of 2.23 and a beta of 1.64. The firm’s 50 day moving average price is $178.79 and its 200 day moving average price is $149.88.

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

Insider Transactions at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on 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 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 filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 341,143 shares of company stock valued at $62,580,844. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AMD shares. Evercore ISI assumed coverage on Advanced Micro Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $200.00 price objective for the company. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday, February 29th. Barclays raised their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Susquehanna reissued a “positive” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, April 4th. Finally, Wedbush restated an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Company 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.