Proficio Capital Partners LLC Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Proficio Capital Partners LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 16,434.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 589,443 shares of the semiconductor manufacturer’s stock after buying an additional 585,878 shares during the quarter. Proficio Capital Partners LLC’s holdings in Advanced Micro Devices were worth $71,199,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMD. Swedbank AB boosted its stake in shares of Advanced Micro Devices by 0.8% in the third quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock worth $353,040,000 after buying an additional 17,446 shares during the last quarter. Howard Capital Management Group LLC boosted its stake in shares of Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after buying an additional 324 shares during the last quarter. Pallas Capital Advisors LLC boosted its stake in shares of Advanced Micro Devices by 2.2% in the third quarter. Pallas Capital Advisors LLC now owns 3,836 shares of the semiconductor manufacturer’s stock worth $589,000 after buying an additional 82 shares during the last quarter. Strategic Blueprint LLC boosted its stake in shares of Advanced Micro Devices by 9.0% in the third quarter. Strategic Blueprint LLC now owns 6,793 shares of the semiconductor manufacturer’s stock worth $1,115,000 after buying an additional 561 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Advanced Micro Devices by 11.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 6,628 shares of the semiconductor manufacturer’s stock worth $1,017,000 after buying an additional 656 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Bank of America reduced their price target on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating for the company in a report on Wednesday, February 5th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Susquehanna reduced their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a report on Wednesday, February 5th. HSBC reaffirmed a “reduce” rating and issued a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, Melius Research reaffirmed a “hold” rating and issued a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.83.

Insider Transactions at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Down 5.0 %

Shares of Advanced Micro Devices stock opened at $99.51 on Friday. The firm has a market capitalization of $161.25 billion, a price-to-earnings ratio of 100.52, a PEG ratio of 1.11 and a beta of 1.66. Advanced Micro Devices, Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The stock has a 50 day moving average of $117.33 and a 200 day moving average of $137.15.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.