Breed s Hill Capital LLC Takes $327,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Breed s Hill Capital LLC acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,219 shares of the semiconductor manufacturer’s stock, valued at approximately $327,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $26,000. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices during the 3rd quarter worth approximately $27,000. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at approximately $29,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $29,000. Finally, Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total value of $2,876,634.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at approximately $794,069.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The disclosure for this sale can be found here. Insiders have sold a total of 181,850 shares of company stock worth $34,637,833 in the last 90 days. Corporate insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on AMD. Roth Mkm decreased their price target on Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Morgan Stanley lowered their price target on Advanced Micro Devices from $193.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, April 29th. The Goldman Sachs Group lifted their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research report on Wednesday, January 31st. Finally, Evercore ISI lowered their price objective on shares of Advanced Micro Devices from $200.00 to $193.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $183.94.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $1.23 on Thursday, hitting $152.39. The company’s stock had a trading volume of 32,981,923 shares, compared to its average volume of 70,356,836. The company has a fifty day moving average price of $174.08 and a 200-day moving average price of $153.24. The firm has a market cap of $246.31 billion, a P/E ratio of 224.10, a price-to-earnings-growth ratio of 2.33 and a beta of 1.66. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The business had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the previous year, the firm earned $0.43 EPS. Advanced Micro Devices’s quarterly revenue was up 2.2% on a year-over-year basis. On average, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current 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.