Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Howard Capital Management Inc.

Howard Capital Management Inc. boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,737 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,645 shares during the period. Howard Capital Management Inc.’s holdings in Advanced Micro Devices were worth $8,424,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in AMD. Creative Capital Management Investments LLC lifted its position in 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 valued at $25,000 after purchasing an additional 86 shares during the period. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $26,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $32,000. Finally, Compass Financial Services Inc acquired a new stake in Advanced Micro Devices in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on AMD. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the company from $175.00 to $129.00 in a report on Friday, January 10th. KeyCorp dropped their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Morgan Stanley set a $137.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.83.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction 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 transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Down 2.9 %

Shares of NASDAQ AMD opened at $110.84 on Friday. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The firm’s 50 day moving average price is $118.84 and its 200 day moving average price is $137.99. The firm has a market cap of $179.61 billion, a P/E ratio of 111.96, a price-to-earnings-growth ratio of 1.15 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Advanced Micro Devices Company Profile

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.