Linden Thomas Advisory Services LLC Acquires 1,933 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Linden Thomas Advisory Services LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,946 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,933 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Advanced Micro Devices were worth $2,351,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Community Bank & Trust Waco Texas bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $1,051,000. Parkside Financial Bank & Trust lifted its holdings in Advanced Micro Devices by 21.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 6,986 shares of the semiconductor manufacturer’s stock valued at $1,030,000 after buying an additional 1,213 shares during the period. National Wealth Management Group LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at $265,000. PDS Planning Inc lifted its holdings in Advanced Micro Devices by 8.7% in the fourth quarter. PDS Planning Inc now owns 5,397 shares of the semiconductor manufacturer’s stock valued at $796,000 after buying an additional 432 shares during the period. Finally, RWA Wealth Partners LLC acquired a new position in Advanced Micro Devices in the fourth quarter valued at $788,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 341,143 shares of company stock worth $62,580,844. 0.65% of the stock is owned by corporate insiders.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock traded up $4.25 on Tuesday, reaching $152.89. 38,221,824 shares of the company traded hands, compared to its average volume of 73,833,625. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The company has a 50 day moving average of $179.18 and a 200 day moving average of $149.56. The firm has a market capitalization of $247.09 billion, a PE ratio of 293.74, a PEG ratio of 2.23 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent analyst reports. Wedbush restated an “outperform” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Wednesday, April 17th. KeyCorp upped their price objective on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Barclays upped their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. The Goldman Sachs Group upped their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective on the stock in a report on Wednesday, January 24th. Four analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.