Buffington Mohr McNeal Boosts Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Buffington Mohr McNeal grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 57,739 shares of the semiconductor manufacturer’s stock after acquiring an additional 115 shares during the quarter. Advanced Micro Devices comprises 1.7% of Buffington Mohr McNeal’s portfolio, making the stock its 24th largest holding. Buffington Mohr McNeal’s holdings in Advanced Micro Devices were worth $8,511,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Castleview Partners LLC grew its stake in Advanced Micro Devices by 62.5% in the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the period. Peoples Bank KS purchased a new stake in Advanced Micro Devices in the third quarter worth $26,000. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices in the third quarter worth $27,000. Founders Capital Management grew its stake in Advanced Micro Devices by 104.2% in the fourth quarter. Founders Capital Management now owns 294 shares of the semiconductor manufacturer’s stock worth $43,000 after purchasing an additional 150 shares during the period. Finally, Indiana Trust & Investment Management CO purchased a new stake in Advanced Micro Devices in the third quarter worth $31,000. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Stock Performance

AMD stock traded up $3.10 during trading on Tuesday, reaching $163.42. The stock had a trading volume of 35,862,711 shares, compared to its average volume of 74,675,383. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The stock’s 50 day moving average is $180.87 and its two-hundred day moving average is $147.77. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The firm has a market cap of $264.11 billion, a PE ratio of 313.95, a PEG ratio of 2.49 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion for the quarter, compared to the consensus estimate of $6.13 billion. During the same quarter in the prior year, the company earned $0.54 earnings per share. Advanced Micro Devices’s revenue was up 10.2% on a year-over-year basis. As a group, equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other news, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the transaction, the director now owns 2,197 shares of the company’s stock, valued at $457,151.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph A. Householder sold 6,572 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $208.08, for a total value of $1,367,501.76. Following the completion of the transaction, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 324,943 shares of company stock valued at $59,919,994. 0.65% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Bank of America upped their price target on Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price target for the stock from $190.00 to $195.00 in a research note on Tuesday, January 30th. Mizuho increased their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. KeyCorp increased their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Finally, Melius Research raised Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 target price on the stock in a research note on Monday, January 8th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus target price of $185.15.

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.