Martin Capital Advisors LLP Acquires Shares of 1,498 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Martin Capital Advisors LLP acquired a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, Holdings Channel.com reports. The firm acquired 1,498 shares of the semiconductor manufacturer’s stock, valued at approximately $221,000.

Other large investors have also made changes to their positions in the company. Schear Investment Advisers LLC increased its holdings in Advanced Micro Devices by 0.4% in the 4th quarter. Schear Investment Advisers LLC now owns 15,762 shares of the semiconductor manufacturer’s stock worth $2,323,000 after acquiring an additional 64 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its position in shares of Advanced Micro Devices by 36.2% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 271 shares of the semiconductor manufacturer’s stock valued at $40,000 after purchasing an additional 72 shares during the period. Avior Wealth Management LLC grew its position in shares of Advanced Micro Devices by 1.0% in the fourth quarter. Avior Wealth Management LLC now owns 7,933 shares of the semiconductor manufacturer’s stock valued at $1,169,000 after purchasing an additional 77 shares during the period. Retirement Planning Group LLC increased its stake in shares of Advanced Micro Devices by 2.2% during the fourth quarter. Retirement Planning Group LLC now owns 3,679 shares of the semiconductor manufacturer’s stock worth $542,000 after purchasing an additional 79 shares in the last quarter. Finally, Optas LLC raised its position in shares of Advanced Micro Devices by 1.7% during the 4th quarter. Optas LLC now owns 4,924 shares of the semiconductor manufacturer’s stock worth $726,000 after purchasing an additional 80 shares during the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 5.4 %

NASDAQ:AMD traded down $8.44 on Friday, reaching $146.64. 70,618,878 shares of the company’s stock were exchanged, compared to its average volume of 74,624,305. The firm has a market capitalization of $236.99 billion, a price-to-earnings ratio of 291.97, a price-to-earnings-growth ratio of 2.35 and a beta of 1.64. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $180.16 and a 200-day moving average of $148.28.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. As a group, analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at $628,753,739.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. In the last three months, insiders sold 341,143 shares of company stock valued at $62,580,844. Insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on AMD. Wells Fargo & Company boosted their price objective on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Bank of America raised their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a report on Monday, January 29th. JPMorgan Chase & Co. upped their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price for the company in a research report on Wednesday, January 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.59.

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.