Norden Group LLC Purchases 250 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Norden Group LLC increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,077 shares of the semiconductor manufacturer’s stock after acquiring an additional 250 shares during the quarter. Norden Group LLC’s holdings in Advanced Micro Devices were worth $601,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Chase Investment Counsel Corp boosted its position in shares of Advanced Micro Devices by 0.7% during the fourth quarter. Chase Investment Counsel Corp now owns 12,025 shares of the semiconductor manufacturer’s stock worth $1,772,000 after purchasing an additional 87 shares in the last quarter. Washburn Capital Management Inc. acquired a new position in Advanced Micro Devices in the 4th quarter worth $231,000. Pathway Financial Advisors LLC bought a new position in Advanced Micro Devices during the 4th quarter worth about $229,000. Independence Bank of Kentucky raised its stake in shares of Advanced Micro Devices by 84.1% in the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the period. Finally, Headlands Technologies LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth about $1,759,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity

In related news, CEO Lisa T. Su sold 125,000 shares of the company’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 transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at $794,069.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 in the last quarter. 0.65% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Bank of America raised 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. Mizuho raised their price target on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Northland Securities upgraded Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective on the stock in a research note on Wednesday, January 31st. Raymond James cut shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and raised their target price for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. Finally, KeyCorp upped their price target on shares of Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. 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.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $184.68.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $158.38 on Wednesday. The firm has a market cap of $255.96 billion, a P/E ratio of 304.58, a P/E/G ratio of 2.44 and a beta of 1.64. The stock’s 50 day moving average is $177.04 and its 200 day moving average is $151.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.48 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the business posted $0.43 EPS. As a group, research analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

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.