Advisory Alpha LLC Grows Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advisory Alpha LLC boosted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,636 shares of the semiconductor manufacturer’s stock after acquiring an additional 498 shares during the quarter. Advisory Alpha LLC’s holdings in Advanced Micro Devices were worth $681,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Evergreen Capital Management LLC raised its position in shares of Advanced Micro Devices by 6.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 10,695 shares of the semiconductor manufacturer’s stock valued at $1,735,000 after purchasing an additional 622 shares in the last quarter. Insigneo Advisory Services LLC grew its stake in Advanced Micro Devices by 7.8% in the second quarter. Insigneo Advisory Services LLC now owns 26,262 shares of the semiconductor manufacturer’s stock worth $4,260,000 after purchasing an additional 1,911 shares in the last quarter. Caxton Associates LP bought a new stake in Advanced Micro Devices in the second quarter valued at about $121,658,000. Absolute Gestao de Investimentos Ltda. bought a new position in Advanced Micro Devices during the 2nd quarter worth approximately $211,000. Finally, Abich Financial Wealth Management LLC grew its position in shares of Advanced Micro Devices by 101.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 220 shares of the semiconductor manufacturer’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $123.75 on Thursday. Advanced Micro Devices, Inc. has a 12-month low of $114.41 and a 12-month high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $200.82 billion, a P/E ratio of 111.49, a PEG ratio of 1.07 and a beta of 1.66. The stock has a fifty day moving average of $128.99 and a 200-day moving average of $144.41.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.71 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the completion of the sale, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock valued at $28,165,821 in the last three months. Insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Citigroup dropped their price target on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday. Roth Mkm reiterated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Friday, October 11th. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley lowered their price target on Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $177.71.

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.