11,531 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by KLCM Advisors Inc.

KLCM Advisors Inc. acquired a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 11,531 shares of the semiconductor manufacturer’s stock, valued at approximately $1,700,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Castleview Partners LLC increased its position in Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the period. Peoples Bank KS bought a new position in Advanced Micro Devices during the third quarter worth about $26,000. Spartan Planning & Wealth Management bought a new position in Advanced Micro Devices during the third quarter worth about $27,000. Founders Capital Management boosted its holdings in Advanced Micro Devices by 104.2% during the fourth quarter. Founders Capital Management now owns 294 shares of the semiconductor manufacturer’s stock worth $43,000 after buying an additional 150 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in 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 buying an additional 109 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Down 4.2 %

Shares of Advanced Micro Devices stock traded down $6.80 on Wednesday, reaching $156.66. 41,442,819 shares of the company were exchanged, compared to its average volume of 74,471,203. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The company has a market capitalization of $253.18 billion, a price-to-earnings ratio of 309.33, a PEG ratio of 2.44 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 $180.78 and a 200 day moving average of $148.19.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data 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 company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue was up 10.2% compared to the same quarter last year. On average, equities research analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMD shares. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Roth Mkm raised their target price on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a report on Monday, January 8th. Evercore ISI began coverage on Advanced Micro Devices in a research report on Tuesday. They issued an “outperform” rating and a $200.00 price objective for the company. Finally, New Street Research upgraded Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Wednesday, January 24th. Four research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $185.15.

Insider Transactions at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Victor Peng sold 100,000 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold a total of 324,943 shares of company stock worth $59,919,994 in the last 90 days. Corporate insiders own 0.65% of the company’s stock.

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.