Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Chase Investment Counsel Corp

Chase Investment Counsel Corp boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.7% during the 4th quarter, Holdings Channel reports. The fund owned 12,025 shares of the semiconductor manufacturer’s stock after acquiring an additional 87 shares during the quarter. Chase Investment Counsel Corp’s holdings in Advanced Micro Devices were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in AMD. Avaii Wealth Management LLC raised its holdings in Advanced Micro Devices by 25.8% during the fourth quarter. Avaii Wealth Management LLC now owns 5,269 shares of the semiconductor manufacturer’s stock worth $777,000 after purchasing an additional 1,079 shares in the last quarter. Choreo LLC boosted its position in shares of Advanced Micro Devices by 39.2% in the 4th quarter. Choreo LLC now owns 9,989 shares of the semiconductor manufacturer’s stock valued at $1,472,000 after purchasing an additional 2,811 shares during the period. McAdam LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $272,000. Mather Group LLC. lifted its stake in Advanced Micro Devices by 1.4% during the fourth quarter. Mather Group LLC. now owns 10,028 shares of the semiconductor manufacturer’s stock valued at $1,478,000 after buying an additional 141 shares in the last quarter. Finally, Eagle Wealth Strategies LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter worth about $1,329,000. Institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on AMD shares. Melius Research raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research note on Monday, January 8th. Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 target price on the stock in a research note on Wednesday, January 31st. Roth Mkm increased their target price on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. The Goldman Sachs Group boosted their price target on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Finally, Raymond James lowered Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and increased their price objective for the stock from $190.00 to $195.00 in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $184.68.

Insider Buying and Selling

In related news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were 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 of the company’s stock, valued at $255,343,378.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Victor Peng sold 100,000 shares of the stock in a transaction dated Friday, February 2nd. The shares were 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 owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, 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. Insiders sold a total of 341,143 shares of company stock valued at $62,580,844 over the last ninety days. 0.65% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

NASDAQ AMD traded up $2.22 during midday trading on Monday, hitting $159.62. The company had a trading volume of 28,214,062 shares, compared to its average volume of 72,229,797. The firm has a fifty day simple moving average of $177.46 and a two-hundred day simple moving average of $150.85. The stock has a market cap of $257.97 billion, a price-to-earnings ratio of 307.04, a P/E/G ratio of 2.39 and a beta of 1.64. The company has a quick ratio of 1.86, a current ratio of 2.51 and a debt-to-equity ratio of 0.03. 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 issued its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.64 earnings per share for the current fiscal year.

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.