Summa Corp. Acquires 3,900 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Summa Corp. increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,200 shares of the semiconductor manufacturer’s stock after purchasing an additional 3,900 shares during the period. Advanced Micro Devices accounts for 7.5% of Summa Corp.’s investment portfolio, making the stock its 2nd largest holding. Summa Corp.’s holdings in Advanced Micro Devices were worth $15,365,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Advisory Alpha LLC raised its stake in shares of Advanced Micro Devices by 7.5% during the second quarter. Advisory Alpha LLC now owns 4,674 shares of the semiconductor manufacturer’s stock worth $758,000 after purchasing an additional 326 shares during the last quarter. SPC Financial Inc. purchased a new position in Advanced Micro Devices during the 2nd quarter worth $474,000. New Century Financial Group LLC acquired a new stake in shares of Advanced Micro Devices in the 2nd quarter worth $246,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Advanced Micro Devices in the second quarter valued at about $450,000. Finally, Gordian Capital Singapore Pte Ltd increased its stake in shares of Advanced Micro Devices by 74.0% during the second quarter. Gordian Capital Singapore Pte Ltd now owns 119,293 shares of the semiconductor manufacturer’s stock worth $19,351,000 after acquiring an additional 50,730 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total transaction of $5,743,301.80. Following the transaction, the executive vice president now owns 293,347 shares in the company, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $143.87, for a total transaction of $11,509,600.00. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $513,150,048.94. This trade represents a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. Company insiders own 0.65% of the company’s stock.

Advanced Micro Devices Stock Up 2.8 %

AMD stock opened at $117.35 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a fifty-two week low of $112.80 and a fifty-two week high of $227.30. The firm’s 50-day simple moving average is $127.14 and its 200 day simple moving average is $142.27. The stock has a market cap of $190.44 billion, a PE ratio of 105.72, a price-to-earnings-growth ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting the consensus estimate of $0.92. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. Advanced Micro Devices’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $0.53 EPS. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AMD. Bank of America cut Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $180.00 to $155.00 in a research report on Monday, December 9th. Melius Research reiterated a “hold” rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a research report on Tuesday. Rosenblatt Securities restated a “buy” rating and set a $250.00 target price on shares of Advanced Micro Devices in a research report on Monday, October 28th. The Goldman Sachs Group downgraded shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the company from $175.00 to $129.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price objective on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.86.

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.