Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 15,946 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,933 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Advanced Micro Devices were worth $2,351,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Community Bank & Trust Waco Texas purchased a new stake in Advanced Micro Devices in the fourth quarter valued at approximately $1,051,000. Parkside Financial Bank & Trust increased its holdings in shares of Advanced Micro Devices by 21.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 6,986 shares of the semiconductor manufacturer’s stock worth $1,030,000 after acquiring an additional 1,213 shares during the period. National Wealth Management Group LLC acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $265,000. PDS Planning Inc increased its stake in Advanced Micro Devices by 8.7% during the 4th quarter. PDS Planning Inc now owns 5,397 shares of the semiconductor manufacturer’s stock valued at $796,000 after buying an additional 432 shares during the period. Finally, RWA Wealth Partners LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $788,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Micro Devices

In other news, insider Victor Peng sold 100,000 shares of the stock in a transaction that occurred 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 in the company, valued at $42,248,089.26. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Victor Peng sold 100,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the sale, the insider now directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph A. Householder sold 6,572 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 341,143 shares of company stock valued at $62,580,844. Insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMD shares. TD Cowen raised their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Bank of America lifted their price target on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Evercore ISI assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $200.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $190.00 target price on shares of Advanced Micro Devices in a research note on Monday, March 4th. Finally, Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their price target for the company from $190.00 to $195.00 in a report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.59.

Advanced Micro Devices Stock Up 2.9 %

Shares of AMD stock traded up $4.25 during mid-day trading on Tuesday, hitting $152.89. The company’s stock had a trading volume of 38,221,824 shares, compared to its average volume of 73,833,625. Advanced Micro Devices, Inc. has a 52-week low of $81.02 and a 52-week high of $227.30. The business has a 50-day moving average price of $179.18 and a 200 day moving average price of $149.56. 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 stock has a market cap of $247.09 billion, a price-to-earnings ratio of 293.74, a PEG ratio of 2.23 and a beta of 1.64.

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