4,473 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Acquired by Magnolia Capital Advisors LLC

Magnolia Capital Advisors LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, Holdings Channel reports. The fund bought 4,473 shares of the semiconductor manufacturer’s stock, valued at approximately $659,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AMD. Vanguard Group Inc. grew its holdings in Advanced Micro Devices by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 140,054,820 shares of the semiconductor manufacturer’s stock valued at $14,400,437,000 after buying an additional 1,153,611 shares in the last quarter. Jennison Associates LLC grew its holdings in Advanced Micro Devices by 5.9% during the 4th quarter. Jennison Associates LLC now owns 26,886,280 shares of the semiconductor manufacturer’s stock valued at $3,963,307,000 after buying an additional 1,490,997 shares in the last quarter. Northern Trust Corp grew its holdings in Advanced Micro Devices by 2.5% during the 3rd quarter. Northern Trust Corp now owns 15,862,880 shares of the semiconductor manufacturer’s stock valued at $1,631,021,000 after buying an additional 385,636 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Advanced Micro Devices by 0.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,693,736 shares of the semiconductor manufacturer’s stock valued at $893,890,000 after buying an additional 79,817 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Advanced Micro Devices by 17.6% during the 3rd quarter. Van ECK Associates Corp now owns 5,886,220 shares of the semiconductor manufacturer’s stock valued at $605,221,000 after buying an additional 881,140 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now owns 2,197 shares in the company, valued at $457,151.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now owns 2,197 shares in the company, valued at $457,151.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 over the last quarter. Insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of recent research reports. Melius raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Thursday, February 29th. DZ Bank reissued a “hold” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, March 7th. Mizuho raised their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Stock Down 0.3 %

Shares of AMD stock traded down $0.53 on Wednesday, hitting $151.74. The stock had a trading volume of 43,358,590 shares, compared to its average volume of 73,559,477. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average price of $178.25 and a 200 day moving average price of $149.89. The company has a market cap of $245.23 billion, a PE ratio of 291.81, a P/E/G ratio of 2.26 and a beta of 1.64. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its 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 return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Research analysts anticipate that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

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.