Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Saxony Capital Management LLC

Saxony Capital Management LLC raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 14.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,726 shares of the semiconductor manufacturer’s stock after purchasing an additional 477 shares during the period. Saxony Capital Management LLC’s holdings in Advanced Micro Devices were worth $450,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of AMD. New Century Financial Group LLC purchased a new position in shares of Advanced Micro Devices in the second quarter valued at $246,000. American Trust boosted its stake in shares of Advanced Micro Devices by 41.4% in the second quarter. American Trust now owns 1,741 shares of the semiconductor manufacturer’s stock valued at $282,000 after purchasing an additional 510 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Advanced Micro Devices by 258.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,098,788 shares of the semiconductor manufacturer’s stock valued at $178,234,000 after purchasing an additional 792,005 shares during the period. Anchor Investment Management LLC boosted its stake in shares of Advanced Micro Devices by 1.6% in the second quarter. Anchor Investment Management LLC now owns 5,919 shares of the semiconductor manufacturer’s stock valued at $960,000 after purchasing an additional 94 shares during the period. Finally, Centaurus Financial Inc. boosted its stake in shares of Advanced Micro Devices by 28.9% in the second quarter. Centaurus Financial Inc. now owns 26,197 shares of the semiconductor manufacturer’s stock valued at $4,249,000 after purchasing an additional 5,868 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AMD. Cantor Fitzgerald restated an “overweight” rating and issued a $180.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, October 30th. Benchmark reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research note on Thursday, October 31st. Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and reduced their price objective for the company from $160.00 to $129.00 in a research note on Tuesday. Citigroup reduced their price objective on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Finally, HSBC reiterated a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $171.04.

Insider Buying and Selling

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now directly owns 293,347 shares in the company, valued at approximately $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were 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 $513,150,048.94. This represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,036 shares of company stock worth $28,165,821 in the last 90 days. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 1.3 %

AMD opened at $118.86 on Friday. The firm’s 50-day simple moving average is $126.37 and its 200-day simple moving average is $141.93. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. Advanced Micro Devices, Inc. has a twelve month low of $112.80 and a twelve month high of $227.30. The firm has a market cap of $192.89 billion, a price-to-earnings ratio of 107.08, a PEG ratio of 1.04 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.71 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS 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.