Seaview Investment Managers LLC Takes $261,000 Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Seaview Investment Managers LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, Holdings Channel reports. The institutional investor bought 2,163 shares of the semiconductor manufacturer’s stock, valued at approximately $261,000.

A number of other institutional investors have also modified their holdings of the business. Howard Capital Management Group LLC increased its position in Advanced Micro Devices by 21.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after acquiring an additional 324 shares during the period. Principal Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 30.2% in the 3rd quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after purchasing an additional 588,595 shares during the last quarter. M&T Bank Corp increased its holdings in shares of Advanced Micro Devices by 6.0% in the third quarter. M&T Bank Corp now owns 116,889 shares of the semiconductor manufacturer’s stock valued at $19,179,000 after purchasing an additional 6,569 shares during the period. Advisory Resource Group raised its stake in shares of Advanced Micro Devices by 19.3% during the third quarter. Advisory Resource Group now owns 7,920 shares of the semiconductor manufacturer’s stock worth $1,300,000 after purchasing an additional 1,282 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its holdings in shares of Advanced Micro Devices by 1.9% during the third quarter. Westside Investment Management Inc. now owns 5,407 shares of the semiconductor manufacturer’s stock worth $815,000 after purchasing an additional 103 shares during the period. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock opened at $87.50 on Friday. The stock has a fifty day moving average price of $100.93 and a 200 day moving average price of $123.30. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The firm has a market capitalization of $141.42 billion, a P/E ratio of 88.38, a PEG ratio of 1.11 and a beta of 1.89.

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

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 17,500 shares of the company’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the sale, the executive vice president now owns 1,713,710 shares in the company, valued at $163,607,893.70. This represents a 1.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AMD shares. Mizuho dropped their price objective on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, March 14th. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Bank of America dropped their target price on Advanced Micro Devices from $155.00 to $135.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, HSBC reiterated a “reduce” rating and issued a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices has a consensus rating of “Moderate Buy” and a consensus price target of $144.90.

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.