Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Wright Investors Service Inc.

Wright Investors Service Inc. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 49.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,198 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,047 shares during the period. Wright Investors Service Inc.’s holdings in Advanced Micro Devices were worth $1,356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gables Capital Management Inc. purchased a new stake in Advanced Micro Devices during the fourth quarter worth $29,000. Castleview Partners LLC boosted its position in Advanced Micro Devices by 62.5% during 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 in the last quarter. Peoples Bank KS purchased a new stake in Advanced Micro Devices during the third quarter worth $26,000. Spartan Planning & Wealth Management purchased a new stake in Advanced Micro Devices during the third quarter worth $27,000. Finally, Founders Capital Management boosted its position in Advanced Micro Devices by 104.2% during 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 in the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.2 %

NASDAQ:AMD traded up $1.91 on Thursday, hitting $155.93. 26,761,762 shares of the stock were exchanged, compared to its average volume of 74,302,852. The stock has a market cap of $252.00 billion, a PE ratio of 299.77, a PEG ratio of 2.49 and a beta of 1.64. 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 stock has a fifty day moving average of $180.44 and a 200-day moving average of $148.23. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) 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 business had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities analysts expect that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 341,143 shares of company stock worth $62,580,844. 0.73% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AMD. DZ Bank reiterated a “hold” rating and set a $200.00 target price on shares of Advanced Micro Devices in a research report on Thursday, March 7th. Melius upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Rosenblatt Securities restated a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. Cantor Fitzgerald restated an “overweight” rating and issued a $190.00 price objective on shares of Advanced Micro Devices in a research report on Monday, March 4th. Finally, The Goldman Sachs Group upped their price objective on Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Advanced Micro Devices presently has an average rating of “Moderate Buy” and a consensus target price of $185.59.

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.