Insider Buying: Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Acquires $499,616.20 in Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Advanced Micro Devices Trading Up 1.2 %

AMD stock opened at $113.10 on Friday. The company has a market capitalization of $183.28 billion, a PE ratio of 114.24, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30. The company’s 50 day moving average price is $120.94 and its two-hundred day moving average price is $138.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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, analysts predict that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research analyst reports. TD Cowen decreased their price objective on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a report on Monday, January 13th. 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. Morgan Stanley cut their target price 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. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Finally, Wedbush reiterated an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices currently has an average rating of “Moderate Buy” and a consensus price target of $158.70.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Creative Capital Management Investments LLC increased its stake in shares of Advanced Micro Devices by 124.6% in 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. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices during the 4th quarter valued at $25,000. Global Wealth Strategies & Associates purchased a new position in Advanced Micro Devices during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at $29,000. Finally, Summit Securities Group LLC purchased a new position in Advanced Micro Devices during the 4th quarter valued at $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

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.