Baker Ellis Asset Management LLC Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Baker Ellis Asset Management LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,474 shares of the semiconductor manufacturer’s stock, valued at approximately $217,000.

Other large investors also recently made changes to their positions in the company. Beacon Financial Advisory LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $212,000. Farmers & Merchants Investments Inc. increased its position in Advanced Micro Devices by 7.9% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 208,320 shares of the semiconductor manufacturer’s stock valued at $30,708,000 after acquiring an additional 15,233 shares during the period. Webster Bank N. A. raised its stake in Advanced Micro Devices by 91.5% during the 4th quarter. Webster Bank N. A. now owns 1,360 shares of the semiconductor manufacturer’s stock valued at $200,000 after acquiring an additional 650 shares in the last quarter. Independence Bank of Kentucky grew its stake in shares of Advanced Micro Devices by 84.1% in the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock worth $541,000 after purchasing an additional 1,677 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its stake in shares of Advanced Micro Devices by 1.4% during the fourth quarter. DAVENPORT & Co LLC now owns 488,632 shares of the semiconductor manufacturer’s stock valued at $72,081,000 after acquiring an additional 6,914 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the completion of the sale, 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 SEC, which is accessible through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction on Monday, March 4th. The shares were sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now owns 2,197 shares in the company, valued at approximately $457,151.76. The disclosure for this sale can be found here. Insiders sold a total of 324,943 shares of company stock valued at $59,919,994 over the last ninety days. 0.65% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Up 0.5 %

Shares of Advanced Micro Devices stock traded up $0.93 during trading hours on Wednesday, reaching $179.63. 4,363,614 shares of the company’s stock were exchanged, compared to its average volume of 76,461,781. 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 market cap of $290.31 billion, a P/E ratio of 345.45, a P/E/G ratio of 2.76 and a beta of 1.64. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The company has a 50 day moving average of $181.80 and a two-hundred day moving average of $142.80.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. DZ Bank reiterated a “hold” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Thursday, March 7th. Barclays upped their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Cantor Fitzgerald restated an “overweight” rating and set a $190.00 target price on shares of Advanced Micro Devices in a report on Monday, March 4th. Bank of America increased their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. Finally, Susquehanna boosted their price objective on shares of Advanced Micro Devices from $170.00 to $210.00 and gave the stock a “positive” rating in a research note on Monday, January 29th. Four investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $181.82.

Check Out Our Latest Analysis on AMD

Advanced Micro Devices Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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