Shelton Capital Management Raises Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Shelton Capital Management raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 239,360 shares of the semiconductor manufacturer’s stock after purchasing an additional 7,373 shares during the period. Advanced Micro Devices accounts for 0.7% of Shelton Capital Management’s investment portfolio, making the stock its 18th largest holding. Shelton Capital Management’s holdings in Advanced Micro Devices were worth $28,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AMD. Norges Bank acquired a new stake in Advanced Micro Devices during the fourth quarter worth approximately $2,867,193,000. Van ECK Associates Corp grew its position in shares of Advanced Micro Devices by 23.3% in the 4th quarter. Van ECK Associates Corp now owns 11,859,744 shares of the semiconductor manufacturer’s stock valued at $1,432,538,000 after buying an additional 2,238,866 shares during the last quarter. Vanguard Group Inc. raised its stake in Advanced Micro Devices by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 150,210,152 shares of the semiconductor manufacturer’s stock worth $18,143,884,000 after acquiring an additional 1,441,626 shares in the last quarter. Alecta Tjanstepension Omsesidigt purchased a new stake in Advanced Micro Devices in the fourth quarter valued at $165,952,000. Finally, Geode Capital Management LLC boosted its stake in Advanced Micro Devices by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 35,079,256 shares of the semiconductor manufacturer’s stock valued at $4,224,840,000 after acquiring an additional 835,413 shares in the last quarter. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on AMD. Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their target price for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Melius Research reaffirmed a “hold” rating and set a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday, January 28th. Argus set a $160.00 price objective on Advanced Micro Devices in a report on Thursday, February 6th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Wedbush reiterated an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $152.72.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $83.64 on Tuesday. The business has a 50 day moving average price of $106.25 and a 200 day moving average price of $128.29. The company has a market capitalization of $135.19 billion, a P/E ratio of 84.49, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a 1-year low of $77.75 and a 1-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.

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

Insiders Place Their Bets

In related news, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.73% of the stock is currently owned by company insiders.

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.