Pacific Sun Financial Corp Has $240,000 Stock Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Pacific Sun Financial Corp increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,985 shares of the semiconductor manufacturer’s stock after purchasing an additional 270 shares during the period. Pacific Sun Financial Corp’s holdings in Advanced Micro Devices were worth $240,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Capital Management Investments LLC raised 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 worth $25,000 after purchasing an additional 86 shares in the last quarter. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices in the fourth quarter worth about $25,000. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices in the fourth quarter worth about $26,000. FSA Wealth Management LLC acquired a new position in Advanced Micro Devices in the third quarter worth about $41,000. Finally, Coston McIsaac & Partners raised its position in Advanced Micro Devices by 319.4% in the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AMD. Benchmark reiterated a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Barclays cut their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Melius cut shares of 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 note on Tuesday, January 28th. Finally, Wolfe Research cut shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Trading Up 0.4 %

Shares of NASDAQ AMD opened at $114.69 on Thursday. The company’s fifty day moving average is $119.49 and its 200-day moving average is $138.27. The stock has a market cap of $185.85 billion, a price-to-earnings ratio of 115.85, a P/E/G ratio of 1.13 and a beta of 1.65. Advanced Micro Devices, Inc. has a twelve month low of $106.50 and a twelve month high of $227.30. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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 predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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.