2,252 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Kane Investment Management Inc.

Kane Investment Management Inc. acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,252 shares of the semiconductor manufacturer’s stock, valued at approximately $272,000.

A number of other institutional investors also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth approximately $65,897,000. Enzi Wealth bought a new position in shares of Advanced Micro Devices in the fourth quarter worth about $569,000. Welch Group LLC increased its stake in Advanced Micro Devices by 6.3% in the 4th quarter. Welch Group LLC now owns 50,466 shares of the semiconductor manufacturer’s stock worth $6,179,000 after buying an additional 2,981 shares during the period. Stonegate Investment Group LLC lifted its holdings in Advanced Micro Devices by 39.5% during the 4th quarter. Stonegate Investment Group LLC now owns 512,428 shares of the semiconductor manufacturer’s stock valued at $61,896,000 after buying an additional 145,067 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Advanced Micro Devices by 19.8% in the 4th quarter. Nordea Investment Management AB now owns 1,748,872 shares of the semiconductor manufacturer’s stock worth $212,943,000 after acquiring an additional 289,110 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $94.50 on Tuesday. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The company has a 50 day simple moving average of $102.54 and a two-hundred day simple moving average of $125.03. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The stock has a market cap of $152.74 billion, a price-to-earnings ratio of 95.46, a PEG ratio of 1.11 and a beta of 1.89.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AMD shares. HSBC reissued a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. KeyCorp lowered Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 8th. Barclays dropped their target price on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Bank of America reduced their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Finally, Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price objective for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $148.76.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.73% of the stock is owned by company insiders.

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.