GAMMA Investing LLC Buys New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

GAMMA Investing LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,630 shares of the semiconductor manufacturer’s stock, valued at approximately $1,420,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices in the third quarter valued at about $26,000. Spartan Planning & Wealth Management acquired a new position in Advanced Micro Devices during the third quarter worth approximately $27,000. Gables Capital Management Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $29,000. Kathleen S. Wright Associates Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth approximately $30,000. Finally, Raleigh Capital Management Inc. increased its position in Advanced Micro Devices by 54.8% during the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock worth $32,000 after buying an additional 109 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

NASDAQ AMD traded up $3.63 on Tuesday, hitting $152.27. 45,968,803 shares of the company’s stock were exchanged, compared to its average volume of 73,946,445. The stock has a 50-day moving average of $179.18 and a 200-day moving average of $149.56. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $81.02 and a 52 week high of $227.30. The stock has a market cap of $246.09 billion, a price-to-earnings ratio of 293.74, a P/E/G ratio of 2.23 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, hitting the consensus estimate of $0.77. The firm had revenue of $6.17 billion during the quarter, compared to analysts’ expectations of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. Analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares in the company, valued at $628,753,739.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock worth $62,580,844 over the last three months. Company insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AMD shares. Roth Mkm boosted their price target on Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Evercore ISI started coverage on Advanced Micro Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $200.00 price target on the stock. UBS Group boosted their price target on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $190.00 price objective on shares of Advanced Micro Devices in a report on Monday, March 4th. 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, 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.