Advanced Micro Devices, Inc. (NASDAQ:AMD) Stock Holdings Increased by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.0% during the fourth quarter, Holdings Channel reports. The firm owned 30,601 shares of the semiconductor manufacturer’s stock after purchasing an additional 588 shares during the period. Advanced Micro Devices makes up 2.7% of Wisconsin Capital Management LLC’s portfolio, making the stock its 13th largest holding. Wisconsin Capital Management LLC’s holdings in Advanced Micro Devices were worth $4,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Capital Investment Advisors LLC raised its holdings in shares of Advanced Micro Devices by 9.9% during the third quarter. Capital Investment Advisors LLC now owns 8,265 shares of the semiconductor manufacturer’s stock valued at $850,000 after acquiring an additional 747 shares during the period. Avior Wealth Management LLC raised its holdings in shares of Advanced Micro Devices by 4.6% during the third quarter. Avior Wealth Management LLC now owns 7,856 shares of the semiconductor manufacturer’s stock valued at $808,000 after acquiring an additional 344 shares during the period. Washington Trust Advisors Inc. raised its holdings in shares of Advanced Micro Devices by 262.9% during the third quarter. Washington Trust Advisors Inc. now owns 1,847 shares of the semiconductor manufacturer’s stock valued at $190,000 after acquiring an additional 1,338 shares during the period. Koshinski Asset Management Inc. raised its holdings in shares of Advanced Micro Devices by 8.5% during the third quarter. Koshinski Asset Management Inc. now owns 4,659 shares of the semiconductor manufacturer’s stock valued at $479,000 after acquiring an additional 366 shares during the period. Finally, CX Institutional raised its holdings in shares of Advanced Micro Devices by 1.2% during the third quarter. CX Institutional now owns 9,354 shares of the semiconductor manufacturer’s stock valued at $962,000 after acquiring an additional 114 shares during the period. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total transaction of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock worth $62,580,844 in the last ninety days. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AMD. Wells Fargo & Company boosted their price target on shares of Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, January 30th. Mizuho upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. StockNews.com upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, UBS Group upped their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Stock Performance

NASDAQ:AMD traded up $2.02 during midday trading on Thursday, reaching $153.76. The stock had a trading volume of 41,077,391 shares, compared to its average volume of 73,156,063. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The firm’s fifty day simple moving average is $177.79 and its 200-day simple moving average is $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. The stock has a market capitalization of $248.50 billion, a P/E ratio of 295.70, a PEG ratio of 2.32 and a beta of 1.64.

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