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

AM Investment Strategies LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,042 shares of the semiconductor manufacturer’s stock, valued at approximately $301,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AMD. Peoples Bank KS purchased a new stake in Advanced Micro Devices in the third quarter valued at approximately $26,000. Spartan Planning & Wealth Management purchased a new stake in shares of Advanced Micro Devices during the third quarter worth approximately $27,000. Gables Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Raleigh Capital Management Inc. raised its stake in shares of Advanced Micro Devices by 54.8% during the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 109 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of the firm’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 transaction, the insider now directly 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 accessible through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction dated 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 approximately $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, 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 value of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 in the last three months. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Price Performance

Shares of AMD traded up $2.02 during trading hours on Thursday, reaching $153.76. 41,077,391 shares of the company traded hands, compared to its average volume of 73,156,063. 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 stock has a market capitalization of $248.50 billion, a PE ratio of 295.70, a price-to-earnings-growth 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 stock has a fifty day simple moving average of $177.79 and a 200 day simple moving average of $149.92.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $6.13 billion. During the same period last year, the company earned $0.54 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Analysts Set New Price Targets

AMD has been the subject of several analyst reports. UBS Group upped their price target on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the stock from $180.00 to $225.00 in a research note on Tuesday, April 16th. The Goldman Sachs Group increased their price objective on Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Citigroup increased their price objective on Advanced Micro Devices from $136.00 to $192.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, DZ Bank reiterated a “hold” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and an average price target of $185.59.

About Advanced Micro Devices

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.