Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. grew its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 30.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,893 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,831 shares during the period. Ausdal Financial Partners Inc.’s holdings in Advanced Micro Devices were worth $953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in AMD. Murphy & Mullick Capital Management Corp acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $726,000. Meiji Yasuda Asset Management Co Ltd. grew its position in Advanced Micro Devices by 0.7% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,519 shares of the semiconductor manufacturer’s stock worth $3,686,000 after acquiring an additional 204 shares during the period. Baxter Bros Inc. grew its position in Advanced Micro Devices by 5.4% in the fourth quarter. Baxter Bros Inc. now owns 2,452 shares of the semiconductor manufacturer’s stock worth $296,000 after acquiring an additional 126 shares during the period. PKS Advisory Services LLC acquired a new stake in Advanced Micro Devices during the fourth quarter worth $482,000. Finally, EFG Asset Management North America Corp. raised its position in Advanced Micro Devices by 9.4% in the fourth quarter. EFG Asset Management North America Corp. now owns 22,322 shares of the semiconductor manufacturer’s stock valued at $2,696,000 after purchasing an additional 1,916 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. KeyCorp lowered their target price on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. Wedbush reissued an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. StockNews.com cut shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Stock Performance

Shares of AMD opened at $110.19 on Thursday. The stock has a 50 day moving average price of $109.99 and a 200 day moving average price of $131.31. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $178.56 billion, a price-to-earnings ratio of 111.30, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. Research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Philip Guido acquired 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value 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 $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

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.