Schear Investment Advisers LLC Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Schear Investment Advisers LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,760 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,640 shares during the period. Advanced Micro Devices makes up approximately 1.4% of Schear Investment Advisers LLC’s portfolio, making the stock its 17th biggest holding. Schear Investment Advisers LLC’s holdings in Advanced Micro Devices were worth $2,628,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Leavell Investment Management Inc. raised its holdings in Advanced Micro Devices by 17.7% in the fourth quarter. Leavell Investment Management Inc. now owns 10,159 shares of the semiconductor manufacturer’s stock valued at $1,227,000 after buying an additional 1,526 shares during the period. Portfolio Design Labs LLC raised its stake in shares of Advanced Micro Devices by 70.5% in the 4th quarter. Portfolio Design Labs LLC now owns 3,318 shares of the semiconductor manufacturer’s stock valued at $401,000 after acquiring an additional 1,372 shares during the period. Gradient Capital Advisors LLC raised its stake in shares of Advanced Micro Devices by 2.3% in the 4th quarter. Gradient Capital Advisors LLC now owns 10,092 shares of the semiconductor manufacturer’s stock valued at $1,219,000 after acquiring an additional 228 shares during the period. Sovran Advisors LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $643,000. Finally, Peterson Wealth Services boosted its holdings in Advanced Micro Devices by 10.7% in the 4th quarter. Peterson Wealth Services now owns 3,547 shares of the semiconductor manufacturer’s stock worth $428,000 after acquiring an additional 344 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

AMD has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Cantor Fitzgerald reissued an “overweight” rating and set a $180.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Loop Capital initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 target price on the stock. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Finally, HSBC restated a “reduce” rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 0.6 %

AMD stock opened at $111.10 on Wednesday. The firm has a market cap of $180.04 billion, a P/E ratio of 112.22, a P/E/G ratio of 1.04 and a beta of 1.65. The business’s 50 day moving average is $122.79 and its 200-day moving average is $139.51. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

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.