FourThought Financial Partners LLC Purchases 3,782 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

FourThought Financial Partners LLC grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 23.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,663 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,782 shares during the quarter. FourThought Financial Partners LLC’s holdings in Advanced Micro Devices were worth $2,899,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions 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 worth $1,772,000 after acquiring an additional 87 shares during the period. Washburn Capital Management Inc. purchased a new position in shares of 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 4th quarter worth $229,000. Independence Bank of Kentucky increased 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 buying an additional 1,677 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at about $1,759,000. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AMD. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Wednesday. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Saturday. TD Cowen boosted their price target on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their target price for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $184.24.

Advanced Micro Devices Stock Performance

AMD traded up $4.44 on Friday, hitting $150.60. 49,361,081 shares of the company’s stock were exchanged, compared to its average volume of 55,429,640. The company has a current ratio of 2.64, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average of $175.41 and a two-hundred day moving average of $151.81. Advanced Micro Devices, Inc. has a twelve month low of $81.11 and a twelve month high of $227.30. The firm has a market cap of $243.42 billion, a PE ratio of 221.47, a P/E/G ratio of 2.29 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts anticipate that Advanced Micro Devices, Inc. will post 2.59 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $276,050,677.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $276,050,677.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 181,850 shares of company stock worth $34,637,833. 0.73% of the stock is owned by company insiders.

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.