Wetzel Investment Advisors Inc. Takes Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wetzel Investment Advisors Inc. purchased a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 829 shares of the semiconductor manufacturer’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AMD. Fairfield Bush & CO. acquired a new stake in Advanced Micro Devices in the first quarter worth about $836,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in 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 worth $260,746,000 after purchasing an additional 791,710 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in 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 worth $293,000 after purchasing an additional 692 shares during the period. Raymond James Trust N.A. lifted its holdings in 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 worth $870,000 after purchasing an additional 4,072 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Advanced Micro Devices by 217.2% in the 1st quarter. Baird Financial Group Inc. now owns 398,051 shares of the semiconductor manufacturer’s stock valued at $43,524,000 after acquiring an additional 272,557 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMD. New Street Research upgraded shares of Advanced Micro Devices from a “neutral” rating to a “buy” rating and set a $215.00 price objective for the company in a research report on Wednesday, January 24th. Susquehanna restated a “positive” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, April 4th. Melius Research upgraded shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price objective for the company in a research report on Monday, January 8th. Evercore ISI began coverage on shares of Advanced Micro Devices in a research report on Tuesday. They set an “outperform” rating and a $200.00 price objective for the company. Finally, Citigroup raised their price objective on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Stock Down 5.4 %

NASDAQ:AMD traded down $8.44 during mid-day trading on Friday, reaching $146.64. The stock had a trading volume of 71,618,197 shares, compared to its average volume of 57,647,340. The business’s 50 day moving average is $179.64 and its 200 day moving average is $148.58. Advanced Micro Devices, Inc. has a fifty-two week low of $81.02 and a fifty-two week high of $227.30. The stock has a market cap of $236.99 billion, a P/E ratio of 282.01, a PEG ratio of 2.36 and a beta of 1.64. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting 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 the consensus estimate of $6.13 billion. During the same quarter last year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of the stock in a transaction that occurred 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 in the company, valued at $42,248,089.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the sale, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Victor Peng sold 100,000 shares of the firm’s 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 completion of the sale, the insider now owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock worth $62,580,844 over the last 90 days. Insiders own 0.73% of the company’s stock.

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.