Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Evoke Wealth LLC

Evoke Wealth LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 57.1% in the 4th quarter, HoldingsChannel reports. The firm owned 10,260 shares of the semiconductor manufacturer’s stock after buying an additional 3,728 shares during the quarter. Evoke Wealth LLC’s holdings in Advanced Micro Devices were worth $1,239,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Swedbank AB raised its holdings in Advanced Micro Devices by 0.8% in the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after acquiring an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC raised its holdings in Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 324 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after acquiring an additional 588,595 shares during the last quarter. United Bank acquired a new position in Advanced Micro Devices in the 3rd quarter valued at $516,000. Finally, Aviance Capital Partners LLC raised its holdings in Advanced Micro Devices by 93.1% in the 3rd quarter. Aviance Capital Partners LLC now owns 52,350 shares of the semiconductor manufacturer’s stock valued at $8,590,000 after acquiring an additional 25,235 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the subject of several analyst reports. Citigroup reiterated a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Melius Research reissued a “hold” rating and set a $129.00 price objective (down from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Susquehanna lowered their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Finally, Bank of America lowered their price objective on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and an average target price of $155.14.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of Advanced Micro Devices stock opened at $103.51 on Wednesday. The firm has a market cap of $167.74 billion, a PE ratio of 104.56, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The firm’s 50-day simple moving average is $111.08 and its 200-day simple moving average is $132.53. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $187.69.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Advanced Micro Devices Company 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.