Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Strategic Planning Group LLC

Strategic Planning Group LLC grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,569 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,727 shares during the quarter. Strategic Planning Group LLC’s holdings in Advanced Micro Devices were worth $2,847,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Advisory Alpha LLC boosted its position in Advanced Micro Devices by 7.5% during the 2nd quarter. Advisory Alpha LLC now owns 4,674 shares of the semiconductor manufacturer’s stock worth $758,000 after acquiring an additional 326 shares during the period. SPC Financial Inc. acquired a new stake in Advanced Micro Devices in the second quarter worth about $474,000. New Century Financial Group LLC acquired a new stake in Advanced Micro Devices in the second quarter worth about $246,000. Strategic Investment Solutions Inc. IL acquired a new position in Advanced Micro Devices during the 2nd quarter valued at about $450,000. Finally, Gordian Capital Singapore Pte Ltd raised its position in shares of Advanced Micro Devices by 74.0% during the 2nd quarter. Gordian Capital Singapore Pte Ltd now owns 119,293 shares of the semiconductor manufacturer’s stock worth $19,351,000 after buying an additional 50,730 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 80,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now owns 3,566,762 shares in the company, valued at approximately $513,150,048.94. This represents a 2.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Forrest Eugene Norrod sold 40,540 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.65% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

AMD has been the subject of several recent analyst reports. Morgan Stanley decreased their price objective on shares of Advanced Micro Devices from $169.00 to $158.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a research note on Monday, October 28th. Roth Mkm reissued a “buy” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Friday, October 11th. Wolfe Research cut Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Finally, HSBC reaffirmed a “reduce” rating and set a $110.00 target price (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.86.

Advanced Micro Devices Trading Up 2.8 %

Advanced Micro Devices stock opened at $117.35 on Thursday. Advanced Micro Devices, Inc. has a 12 month low of $112.80 and a 12 month high of $227.30. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The stock has a market cap of $190.44 billion, a P/E ratio of 105.72, a P/E/G ratio of 1.09 and a beta of 1.66. The company’s fifty day simple moving average is $127.14 and its 200-day simple moving average is $142.27.

Advanced Micro Devices (NASDAQ:AMD) last issued its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.71 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

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.