Promus Capital LLC Purchases Shares of 612 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Promus Capital LLC purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 612 shares of the semiconductor manufacturer’s stock, valued at approximately $74,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Bedell Frazier Investment Counselling LLC grew its stake in Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after purchasing an additional 74 shares in the last quarter. NCM Capital Management LLC lifted its position in shares of Advanced Micro Devices by 0.9% in the third quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock valued at $1,420,000 after buying an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its position in shares of Advanced Micro Devices by 15.2% in the third quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after buying an additional 76 shares during the last quarter. Bank of Marin lifted its position in shares of Advanced Micro Devices by 1.3% in the third quarter. Bank of Marin now owns 6,007 shares of the semiconductor manufacturer’s stock valued at $986,000 after buying an additional 80 shares during the last quarter. Finally, Northeast Financial Consultants Inc lifted its position in shares of Advanced Micro Devices by 2.9% in the third quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock valued at $479,000 after buying an additional 81 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.73% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AMD shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, February 4th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Friday, February 7th. Citigroup reissued a “buy” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Finally, Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Advanced Micro Devices Trading Up 0.9 %

Shares of AMD stock opened at $101.67 on Thursday. The firm has a market capitalization of $164.75 billion, a P/E ratio of 102.70, a P/E/G ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a twelve month low of $95.89 and a twelve month high of $227.30. 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 stock’s fifty day simple moving average is $115.41 and its 200 day simple moving average is $135.92.

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 analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Advanced Micro Devices Company 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.