PFG Investments LLC Purchases 4,139 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

PFG Investments LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,231 shares of the semiconductor manufacturer’s stock after buying an additional 4,139 shares during the period. PFG Investments LLC’s holdings in Advanced Micro Devices were worth $5,826,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Creative Capital Management Investments LLC lifted its holdings in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock worth $25,000 after buying an additional 86 shares during the period. ZRC Wealth Management LLC lifted its holdings in Advanced Micro Devices by 90.4% during the third quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer’s stock worth $26,000 after buying an additional 75 shares during the period. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices during the fourth quarter worth $26,000. Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the 4th quarter valued at $32,000. Finally, FSA Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $41,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of several analyst reports. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a report on Thursday, October 31st. Citigroup decreased their price objective on Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating for the company in a report on Tuesday, January 21st. UBS Group decreased their price objective on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Finally, Bank of America lowered Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $180.00 to $155.00 in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $176.33.

Advanced Micro Devices Trading Down 0.2 %

Shares of Advanced Micro Devices stock opened at $122.84 on Monday. The firm has a market capitalization of $199.35 billion, a PE ratio of 110.67, a P/E/G ratio of 1.09 and a beta of 1.66. Advanced Micro Devices, Inc. has a twelve month low of $114.41 and a twelve month high of $227.30. The firm’s 50-day moving average price is $128.12 and its 200 day moving average price is $143.50. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

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

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at $41,558,469.49. This trade represents a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.73% of the stock is owned by corporate insiders.

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.