Bedell Frazier Investment Counselling LLC Purchases 3,107 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bedell Frazier Investment Counselling LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 174.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,887 shares of the semiconductor manufacturer’s stock after acquiring an additional 3,107 shares during the period. Bedell Frazier Investment Counselling LLC’s holdings in Advanced Micro Devices were worth $590,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC boosted its stake in Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after purchasing an additional 324 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock valued at $416,430,000 after buying an additional 588,595 shares during the last quarter. United Bank purchased a new position in shares of Advanced Micro Devices during the third quarter valued at approximately $516,000. Captrust Financial Advisors grew its holdings in Advanced Micro Devices by 5.6% during the third quarter. Captrust Financial Advisors now owns 75,681 shares of the semiconductor manufacturer’s stock worth $12,418,000 after buying an additional 4,012 shares in the last quarter. Finally, TRUE Private Wealth Advisors raised its position in Advanced Micro Devices by 10.1% in the 3rd quarter. TRUE Private Wealth Advisors now owns 1,493 shares of the semiconductor manufacturer’s stock valued at $245,000 after buying an additional 137 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AMD. Benchmark reiterated a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a research note on Wednesday, February 19th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Wednesday, March 26th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $152.72.

Advanced Micro Devices Trading Down 3.2 %

Shares of AMD stock opened at $103.22 on Monday. 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 firm has a market cap of $167.27 billion, a P/E ratio of 104.26, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. The business has a 50-day moving average price of $109.39 and a two-hundred day moving average price of $130.68. Advanced Micro Devices, Inc. has a 12-month low of $94.73 and a 12-month high of $187.28.

Advanced Micro Devices (NASDAQ:AMD) last issued 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%. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Philip Guido acquired 4,645 shares of the company’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 completion of the purchase, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is owned by corporate 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.