Advanced Micro Devices, Inc. (NASDAQ:AMD) Stake Boosted by Providence Capital Advisors LLC

Providence Capital Advisors LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 0.6% in the fourth quarter, Holdings Channel reports. The firm owned 22,227 shares of the semiconductor manufacturer’s stock after buying an additional 128 shares during the period. Providence Capital Advisors LLC’s holdings in Advanced Micro Devices were worth $2,685,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in AMD. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $25,000. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new stake in Advanced Micro Devices in the 4th quarter valued at about $29,000. FSA Wealth Management LLC bought a new position in Advanced Micro Devices in the 3rd quarter worth approximately $41,000. Finally, Retirement Wealth Solutions LLC acquired a new position in shares of Advanced Micro Devices during the fourth quarter valued at $32,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 3.2 %

NASDAQ AMD opened at $106.65 on Friday. The stock has a market cap of $172.82 billion, a P/E ratio of 107.73, a P/E/G ratio of 1.11 and a beta of 1.74. The stock’s fifty day moving average price is $109.75 and its 200-day moving average price is $131.14. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $187.28. 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 (NASDAQ:AMD) last announced 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 return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent research reports. Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. KeyCorp lowered their price objective on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their target price for the company from $175.00 to $129.00 in a report on Friday, January 10th. Roth Capital set a $140.00 target price on Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Loop Capital assumed coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $152.72.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido acquired 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.73% of the stock is owned by insiders.

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.