Wedbush Securities Inc. Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wedbush Securities Inc. raised its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.3% in the fourth quarter, HoldingsChannel reports. The firm owned 83,877 shares of the semiconductor manufacturer’s stock after buying an additional 1,916 shares during the quarter. Wedbush Securities Inc.’s holdings in Advanced Micro Devices were worth $10,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AMD. Howard Capital Management Group LLC raised its position in shares of 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 worth $300,000 after purchasing an additional 324 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Advanced Micro Devices by 30.2% in the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after buying an additional 588,595 shares in the last quarter. United Bank bought a new position in shares of Advanced Micro Devices in the third quarter worth approximately $516,000. Stifel Financial Corp grew its holdings in shares of Advanced Micro Devices by 1.3% during the third quarter. Stifel Financial Corp now owns 510,508 shares of the semiconductor manufacturer’s stock valued at $83,764,000 after buying an additional 6,693 shares during the last quarter. Finally, Weiss Asset Management LP increased its position in shares of Advanced Micro Devices by 1,626.6% during the third quarter. Weiss Asset Management LP now owns 47,791 shares of the semiconductor manufacturer’s stock valued at $7,842,000 after acquiring an additional 45,023 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling

In related news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.65% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMD shares. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Melius Research reiterated a “hold” rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research note on Tuesday, January 28th. Bank of America cut their target price on shares of Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a research report on Wednesday, February 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $85.76 on Friday. The stock has a market capitalization of $138.61 billion, a P/E ratio of 86.63, a P/E/G ratio of 1.11 and a beta of 1.88. The company’s fifty day moving average price is $106.88 and its 200 day moving average price is $129.10. 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 $83.67 and a 1 year high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. As a group, equities research analysts anticipate 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.