1,474 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) in the fourth quarter, HoldingsChannel reports. The fund purchased 1,474 shares of the semiconductor manufacturer’s stock, valued at approximately $217,000.

A number of other large investors also recently bought and sold shares of AMD. Norges Bank purchased a new stake in shares of Advanced Micro Devices in the 4th quarter worth $1,252,070,000. Moneta Group Investment Advisors LLC raised its stake in shares of Advanced Micro Devices by 105,415.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,526,710 shares of the semiconductor manufacturer’s stock worth $552,275,000 after acquiring an additional 8,518,629 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Advanced Micro Devices during the first quarter valued at approximately $777,111,000. Northern Trust Corp boosted its stake in Advanced Micro Devices by 35.5% in the first quarter. Northern Trust Corp now owns 17,086,683 shares of the semiconductor manufacturer’s stock valued at $1,868,258,000 after acquiring an additional 4,475,368 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Advanced Micro Devices by 38.5% during the second quarter. Barclays PLC now owns 8,916,462 shares of the semiconductor manufacturer’s stock worth $1,015,677,000 after purchasing an additional 2,479,272 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. UBS Group lifted their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Morgan Stanley upped their target price on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. TD Cowen raised their price objective on Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, January 18th. Finally, Barclays increased their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $181.82.

Check Out Our Latest Report on Advanced Micro Devices

Insider Transactions at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares in the company, valued at $794,069.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 59,293 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.94, for a total value of $10,432,010.42. Following the transaction, the executive vice president now directly owns 258,690 shares of the company’s stock, valued at $45,513,918.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $188.66, for a total transaction of $316,571.48. Following the sale, the chief accounting officer now owns 4,209 shares in the company, valued at approximately $794,069.94. The disclosure for this sale can be found here. Insiders have sold 324,943 shares of company stock valued at $59,919,994 in the last quarter. 0.65% of the stock is currently owned by corporate insiders.

Advanced Micro Devices Stock Up 0.5 %

AMD traded up $0.93 on Wednesday, reaching $179.63. The company’s stock had a trading volume of 4,363,614 shares, compared to its average volume of 76,461,781. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The stock has a 50 day moving average of $181.80 and a two-hundred day moving average of $142.80. The company has a market capitalization of $290.31 billion, a price-to-earnings ratio of 345.45, a P/E/G ratio of 2.76 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last issued 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. 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 in the previous year, the firm earned $0.54 earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, analysts forecast that Advanced Micro Devices, Inc. will post 2.67 EPS for the current fiscal year.

Advanced Micro Devices Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding AMD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report).

Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

Receive News & Ratings for Advanced Micro Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Micro Devices and related companies with MarketBeat.com's FREE daily email newsletter.