IFG Advisory LLC Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

IFG Advisory LLC increased its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,934 shares of the semiconductor manufacturer’s stock after acquiring an additional 388 shares during the quarter. IFG Advisory LLC’s holdings in Advanced Micro Devices were worth $875,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMD. Fairfield Bush & CO. purchased a new stake in Advanced Micro Devices in the first quarter valued at $836,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Advanced Micro Devices by 49.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,384,719 shares of the semiconductor manufacturer’s stock valued at $260,746,000 after buying an additional 791,710 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Advanced Micro Devices by 34.9% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 2,677 shares of the semiconductor manufacturer’s stock valued at $293,000 after buying an additional 692 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Advanced Micro Devices by 104.8% in the first quarter. Raymond James Trust N.A. now owns 7,959 shares of the semiconductor manufacturer’s stock valued at $870,000 after buying an additional 4,072 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Advanced Micro Devices by 217.2% in the first quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after buying an additional 272,557 shares in the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

NASDAQ AMD opened at $179.59 on Thursday. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The business’s 50 day moving average is $180.63 and its two-hundred day moving average is $140.69. Advanced Micro Devices, Inc. has a 12-month low of $81.02 and a 12-month high of $227.30. The stock has a market capitalization of $287.34 billion, a price-to-earnings ratio of 345.37, a PEG ratio of 2.69 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Research analysts expect that Advanced Micro Devices, Inc. will post 2.67 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Mizuho lifted their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, January 31st. Bank of America lifted their price objective on Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, January 29th. Raymond James cut Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $190.00 price objective on shares of Advanced Micro Devices in a research note on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $181.82.

Insider Buying and Selling

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total transaction of $17,511,000.00. Following the transaction, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares in the company, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders have sold a total of 324,943 shares of company stock worth $59,919,994 in the last quarter. Company insiders own 0.73% of the company’s stock.

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.