Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Bluesphere Advisors LLC

Bluesphere Advisors LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,531 shares of the semiconductor manufacturer’s stock after acquiring an additional 411 shares during the period. Advanced Micro Devices accounts for approximately 1.1% of Bluesphere Advisors LLC’s investment portfolio, making the stock its 16th biggest holding. Bluesphere Advisors LLC’s holdings in Advanced Micro Devices were worth $1,847,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Gables Capital Management Inc. purchased a new position in Advanced Micro Devices during the 4th quarter worth approximately $29,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $30,000. Addison Advisors LLC increased its holdings in shares of Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares during the period. Peoples Bank KS purchased a new stake in Advanced Micro Devices in the 3rd quarter valued at $26,000. Finally, Spartan Planning & Wealth Management acquired a new stake in Advanced Micro Devices during the 3rd quarter worth $27,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of NASDAQ:AMD traded up $3.00 during trading on Monday, reaching $160.40. 30,573,776 shares of the company’s stock traded hands, compared to its average volume of 72,244,781. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The company has a 50 day moving average of $177.46 and a 200-day moving average of $150.85. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The stock has a market capitalization of $259.23 billion, a P/E ratio of 307.04, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The business had revenue of $6.17 billion during the quarter, compared to analysts’ expectations 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 was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned $0.54 earnings per share. On average, equities analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Wall Street Analyst Weigh In

AMD has been the subject of a number of research reports. Barclays upped their target price on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Mizuho lifted their price objective on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $190.00 price target on shares of Advanced Micro Devices in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.68.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Joseph A. Householder sold 6,572 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now directly owns 2,197 shares of the company’s stock, valued at $457,151.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction on 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 sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 over the last ninety days. Corporate insiders own 0.65% of the company’s stock.

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.