Runnymede Capital Advisors Inc. Invests $250,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Runnymede Capital Advisors Inc. bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,072 shares of the semiconductor manufacturer’s stock, valued at approximately $250,000.

Several other institutional investors have also recently made changes to their positions in AMD. Mizuho Securities USA LLC grew its position in Advanced Micro Devices by 46.6% during the fourth quarter. Mizuho Securities USA LLC now owns 153,805 shares of the semiconductor manufacturer’s stock valued at $18,578,000 after buying an additional 48,855 shares during the period. Virtu Financial LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $11,120,000. ZEGA Investments LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $278,000. Millstone Evans Group LLC bought a new position in Advanced Micro Devices during the fourth quarter valued at about $142,000. Finally, Washington Trust Bank grew its position in Advanced Micro Devices by 2.5% during the fourth quarter. Washington Trust Bank now owns 140,765 shares of the semiconductor manufacturer’s stock valued at $17,003,000 after buying an additional 3,384 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.7 %

Shares of NASDAQ AMD opened at $106.44 on Friday. Advanced Micro Devices, Inc. has a one year low of $94.73 and a one year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm’s 50 day simple moving average is $110.28 and its two-hundred day simple moving average is $131.88. The stock has a market capitalization of $172.48 billion, a P/E ratio of 107.52, a PEG ratio of 1.11 and a beta of 1.74.

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

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the business’s stock in a transaction dated Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction 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 approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

AMD has been the subject of several research reports. Wedbush restated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Tuesday. Roth Capital set a $140.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. HSBC reaffirmed a “reduce” rating and set a $110.00 price objective (down from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Finally, Melius Research reaffirmed a “hold” rating and set a $129.00 price objective (down 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.14.

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.