Peregrine Asset Advisers Inc. Increases Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Peregrine Asset Advisers Inc. raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 354.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,231 shares of the semiconductor manufacturer’s stock after purchasing an additional 13,438 shares during the period. Advanced Micro Devices accounts for 1.2% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 25th largest holding. Peregrine Asset Advisers Inc.’s holdings in Advanced Micro Devices were worth $2,540,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Bare Financial Services Inc acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $29,000. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Gables Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices in the fourth quarter valued at about $29,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Addison Advisors LLC increased its position in Advanced Micro Devices by 41.9% in the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock valued at $31,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on AMD shares. Northland Securities upgraded 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. Raymond James downgraded shares of Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $190.00 to $195.00 in a research report on Tuesday, January 30th. New Street Research raised shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 target price on the stock in a report on Wednesday, January 24th. JPMorgan Chase & Co. increased their price target on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, January 31st. Finally, The Goldman Sachs Group boosted their target price on Advanced Micro Devices from $157.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $184.24.

Advanced Micro Devices Price Performance

AMD stock traded up $5.18 on Monday, reaching $155.78. The company had a trading volume of 44,541,463 shares, compared to its average volume of 71,642,953. Advanced Micro Devices, Inc. has a 1 year low of $89.17 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. The company’s fifty day moving average is $175.00 and its 200 day moving average is $152.86. The company has a market cap of $251.79 billion, a P/E ratio of 229.09, a PEG ratio of 2.33 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter in the prior year, the company posted $0.43 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $177.57, for a total transaction of $2,876,634.00. Following the transaction, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at approximately $276,050,677.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the company’s 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 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 have sold a total of 181,850 shares of company stock valued at $34,637,833 in the last quarter. 0.65% of the stock is currently owned by company insiders.

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.