257 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Acquired by Summit Securities Group LLC

Summit Securities Group LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 257 shares of the semiconductor manufacturer’s stock, valued at approximately $31,000.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Allianz SE purchased a new position in Advanced Micro Devices during the 4th quarter worth $9,073,000. Allstate Corp grew its stake in shares of Advanced Micro Devices by 3,284.3% during the fourth quarter. Allstate Corp now owns 47,989 shares of the semiconductor manufacturer’s stock worth $5,797,000 after acquiring an additional 46,571 shares during the last quarter. Maridea Wealth Management LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at about $696,000. Brown Brothers Harriman & Co. increased its holdings in shares of Advanced Micro Devices by 5.5% during the fourth quarter. Brown Brothers Harriman & Co. now owns 11,066 shares of the semiconductor manufacturer’s stock valued at $1,337,000 after acquiring an additional 575 shares in the last quarter. Finally, DnB Asset Management AS boosted its stake in Advanced Micro Devices by 8.3% in the 4th quarter. DnB Asset Management AS now owns 454,269 shares of the semiconductor manufacturer’s stock worth $54,871,000 after purchasing an additional 34,900 shares in the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were acquired 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 directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

AMD has been the topic of a number of recent analyst reports. Susquehanna cut their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research note on Wednesday, February 5th. Melius downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their target price for the company from $160.00 to $129.00 in a research report on Tuesday, January 28th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Loop Capital started coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price objective on the stock. Finally, HSBC restated a “reduce” rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. 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 three have given a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus target price of $152.72.

Advanced Micro Devices Stock Down 3.2 %

Shares of AMD opened at $103.22 on Monday. The stock has a 50 day moving average price of $109.39 and a 200 day moving average price of $130.68. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a market capitalization of $167.27 billion, a price-to-earnings ratio of 104.26, a PEG ratio of 1.11 and a beta of 1.74.

Advanced Micro Devices (NASDAQ:AMD) last released 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%. Equities research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices 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.