Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Abbrea Capital LLC

Abbrea Capital LLC lifted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,615 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,170 shares during the quarter. Abbrea Capital LLC’s holdings in Advanced Micro Devices were worth $1,417,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gables Capital Management Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. acquired a new stake in Advanced Micro Devices in the 4th quarter valued at approximately $30,000. Peoples Bank KS acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $26,000. Spartan Planning & Wealth Management acquired a new stake in Advanced Micro Devices in the 3rd quarter valued at approximately $27,000. Finally, Oliver Lagore Vanvalin Investment Group raised its stake in Advanced Micro Devices by 36.2% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock worth $40,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AMD. Roth Mkm lifted their price target on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price target for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price target for the company in a report on Wednesday, January 24th. Morgan Stanley increased their price target on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, UBS Group increased their price target on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $185.59.

Insider Activity

In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is currently owned by insiders.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $3.64 during trading hours on Friday, hitting $157.40. The company had a trading volume of 42,431,913 shares, compared to its average volume of 72,774,586. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The firm has a 50 day simple moving average of $177.79 and a 200 day simple moving average of $149.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The firm has a market capitalization of $254.38 billion, a price-to-earnings ratio of 303.56, a PEG ratio of 2.31 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.64 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.