Stanley Laman Group Ltd. Invests $263,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Stanley Laman Group Ltd. purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,784 shares of the semiconductor manufacturer’s stock, valued at approximately $263,000.

Several other hedge funds have also bought and sold shares of AMD. Peoples Bank KS purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth about $26,000. Spartan Planning & Wealth Management bought a new stake in Advanced Micro Devices in the 3rd quarter worth about $27,000. Gables Capital Management Inc. purchased a new position in shares of Advanced Micro Devices during the fourth quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. bought a new position in Advanced Micro Devices during the fourth quarter valued at approximately $30,000. Finally, Raleigh Capital Management Inc. boosted its holdings in Advanced Micro Devices by 54.8% in the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after purchasing an additional 109 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Evercore ISI initiated coverage on shares of Advanced Micro Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $200.00 target price for the company. Citigroup boosted their price objective on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. UBS Group raised their target price on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Bank of America raised their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Morgan Stanley boosted their price objective on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Trading Up 2.4 %

Shares of NASDAQ:AMD traded up $3.64 during trading on Friday, reaching $157.40. The company’s stock had a trading volume of 42,425,480 shares, compared to its average volume of 72,781,539. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The firm’s 50 day simple moving average is $177.46 and its two-hundred day simple moving average is $150.27. The stock has a market capitalization of $254.38 billion, a PE ratio of 302.70, a price-to-earnings-growth ratio of 2.31 and a beta of 1.64. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The business had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter last year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, research analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Victor Peng sold 100,000 shares of the business’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 transaction, the insider now owns 241,266 shares in the company, valued at $42,248,089.26. The disclosure for this sale can be found here. Insiders sold a total of 341,143 shares of company stock worth $62,580,844 over the last 90 days. Company insiders own 0.73% of the company’s stock.

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.