Sachetta LLC Invests $45,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sachetta LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 307 shares of the semiconductor manufacturer’s stock, valued at approximately $45,000.

Several other hedge funds also recently made changes to their positions in AMD. Berger Financial Group Inc boosted its position in Advanced Micro Devices by 22.4% during the 3rd quarter. Berger Financial Group Inc now owns 2,932 shares of the semiconductor manufacturer’s stock valued at $301,000 after purchasing an additional 537 shares during the period. Bahl & Gaynor Inc. lifted its holdings in shares of Advanced Micro Devices by 1.3% in the third quarter. Bahl & Gaynor Inc. now owns 86,671 shares of the semiconductor manufacturer’s stock valued at $8,912,000 after buying an additional 1,107 shares during the period. MGO One Seven LLC lifted its holdings in shares of Advanced Micro Devices by 83.2% in the third quarter. MGO One Seven LLC now owns 17,782 shares of the semiconductor manufacturer’s stock valued at $1,828,000 after buying an additional 8,075 shares during the period. Hartline Investment Corp lifted its holdings in shares of Advanced Micro Devices by 0.6% in the third quarter. Hartline Investment Corp now owns 221,886 shares of the semiconductor manufacturer’s stock valued at $22,814,000 after buying an additional 1,413 shares during the period. Finally, Fortis Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 15.2% during the third quarter. Fortis Capital Management LLC now owns 12,649 shares of the semiconductor manufacturer’s stock valued at $1,301,000 after purchasing an additional 1,667 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $290,290,831.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $186.73, for a total value of $3,025,026.00. Following the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $290,290,831.46. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders have sold 165,650 shares of company stock valued at $31,761,199 in the last 90 days. 0.65% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays upped their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Wedbush reissued an “outperform” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. UBS Group dropped their price target on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Finally, Citigroup dropped their price target on Advanced Micro Devices from $192.00 to $176.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $185.26.

Advanced Micro Devices Stock Up 0.8 %

NASDAQ:AMD opened at $165.99 on Wednesday. Advanced Micro Devices, Inc. has a 12-month low of $93.11 and a 12-month high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $268.29 billion, a P/E ratio of 242.15, a P/E/G ratio of 2.57 and a beta of 1.66. The stock’s fifty day simple moving average is $165.87 and its 200-day simple moving average is $157.24.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current year.

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.