Newbridge Financial Services Group Inc. Buys 7,634 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Newbridge Financial Services Group Inc. lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,735 shares of the semiconductor manufacturer’s stock after purchasing an additional 7,634 shares during the period. Advanced Micro Devices accounts for 1.4% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 17th biggest holding. Newbridge Financial Services Group Inc.’s holdings in Advanced Micro Devices were worth $5,404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMD. Alliance Wealth Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 16.0% in the fourth quarter. Alliance Wealth Advisors LLC now owns 2,085 shares of the semiconductor manufacturer’s stock worth $252,000 after acquiring an additional 287 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in shares of Advanced Micro Devices by 3.3% in the fourth quarter. Moloney Securities Asset Management LLC now owns 8,209 shares of the semiconductor manufacturer’s stock worth $992,000 after buying an additional 263 shares in the last quarter. Advisory Resource Group boosted its position in shares of Advanced Micro Devices by 22.5% in the fourth quarter. Advisory Resource Group now owns 9,701 shares of the semiconductor manufacturer’s stock valued at $1,172,000 after acquiring an additional 1,781 shares during the period. Seelaus Asset Management LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at approximately $493,000. Finally, Serenus Wealth Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $254,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ:AMD opened at $107.56 on Friday. The business has a fifty day moving average price of $123.42 and a 200-day moving average price of $139.84. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. The company has a market capitalization of $174.30 billion, a PE ratio of 108.65, a PEG ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Evercore ISI increased their price objective on Advanced Micro Devices from $193.00 to $198.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. KeyCorp lowered their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday. TD Cowen cut their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. HSBC reaffirmed a “reduce” rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Finally, Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $158.70.

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.