AM Investment Strategies LLC Buys New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

AM Investment Strategies LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, HoldingsChannel reports. The firm bought 2,042 shares of the semiconductor manufacturer’s stock, valued at approximately $301,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Motley Fool Asset Management LLC increased its position in Advanced Micro Devices by 7.2% during the fourth quarter. Motley Fool Asset Management LLC now owns 44,484 shares of the semiconductor manufacturer’s stock worth $6,557,000 after buying an additional 3,001 shares during the last quarter. Wisconsin Capital Management LLC boosted its holdings in shares of Advanced Micro Devices by 2.0% during the fourth quarter. Wisconsin Capital Management LLC now owns 30,601 shares of the semiconductor manufacturer’s stock worth $4,511,000 after acquiring an additional 588 shares during the period. Tandem Capital Management Corp ADV boosted its holdings in shares of Advanced Micro Devices by 3.6% during the fourth quarter. Tandem Capital Management Corp ADV now owns 2,615 shares of the semiconductor manufacturer’s stock worth $385,000 after acquiring an additional 90 shares during the period. New Jersey Better Educational Savings Trust bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $324,000. Finally, State of New Jersey Common Pension Fund D boosted its holdings in shares of Advanced Micro Devices by 0.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 917,960 shares of the semiconductor manufacturer’s stock worth $135,316,000 after acquiring an additional 4,421 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.3 %

NASDAQ AMD traded up $2.02 on Thursday, reaching $153.76. The company had a trading volume of 41,077,391 shares, compared to its average volume of 73,156,063. The firm has a market cap of $248.50 billion, a price-to-earnings ratio of 295.70, a P/E/G ratio of 2.32 and a beta of 1.64. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The business has a 50 day moving average of $177.79 and a two-hundred day moving average of $149.92. 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 (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting 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 firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. During the same period last year, the business posted $0.54 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. Analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Analyst Ratings Changes

AMD has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Company upped their target price on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. KeyCorp upped their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Roth Mkm upped their target price on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, Barclays upped their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Insiders Place Their Bets

In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the 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 completion of the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated 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 sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 341,143 shares of company stock worth $62,580,844. Company insiders own 0.73% of the company’s stock.

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.