Sovran Advisors LLC Buys Shares of 5,538 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sovran Advisors LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 5,538 shares of the semiconductor manufacturer’s stock, valued at approximately $643,000.

A number of other institutional investors also recently modified their holdings of AMD. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at $359,000. Fiduciary Alliance LLC raised its position in Advanced Micro Devices by 31.8% in the third quarter. Fiduciary Alliance LLC now owns 2,071 shares of the semiconductor manufacturer’s stock valued at $340,000 after purchasing an additional 500 shares during the last quarter. Harrington Investments INC acquired a new stake in shares of Advanced Micro Devices during the third quarter valued at about $517,000. Wesbanco Bank Inc. grew its holdings in shares of Advanced Micro Devices by 15.7% during the third quarter. Wesbanco Bank Inc. now owns 155,558 shares of the semiconductor manufacturer’s stock worth $25,524,000 after purchasing an additional 21,132 shares during the last quarter. Finally, Creative Planning grew its holdings in shares of Advanced Micro Devices by 18.4% during the third quarter. Creative Planning now owns 436,660 shares of the semiconductor manufacturer’s stock worth $66,674,000 after purchasing an additional 67,973 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. DZ Bank downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Friday, February 7th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Finally, Citigroup lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $111.10 on Wednesday. The firm has a market cap of $180.04 billion, a price-to-earnings ratio of 112.22, a price-to-earnings-growth ratio of 1.04 and a beta of 1.65. The stock has a fifty day simple moving average of $122.79 and a two-hundred day simple moving average of $139.51. The company has a current ratio of 2.62, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 1-year low of $106.50 and a 1-year high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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%. Analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.73% of the stock is 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.