9,630 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by GAMMA Investing LLC

GAMMA Investing LLC purchased a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,630 shares of the semiconductor manufacturer’s stock, valued at approximately $1,420,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Washburn Capital Management Inc. bought a new stake in Advanced Micro Devices during the fourth quarter valued at $231,000. Pathway Financial Advisors LLC bought a new stake in Advanced Micro Devices during the fourth quarter valued at $229,000. Independence Bank of Kentucky increased its stake in Advanced Micro Devices by 84.1% during the fourth quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the last quarter. Meridian Wealth Management LLC increased its stake in Advanced Micro Devices by 135.6% during the third quarter. Meridian Wealth Management LLC now owns 205,154 shares of the semiconductor manufacturer’s stock valued at $21,135,000 after purchasing an additional 118,090 shares during the last quarter. Finally, Gendell Jeffrey L bought a new position in shares of Advanced Micro Devices during the third quarter worth about $3,085,000. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total value of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CAO Darla M. Smith sold 1,678 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the transaction, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold a total of 341,143 shares of company stock valued at $62,580,844 in the last three months. Insiders own 0.65% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of several recent research reports. Roth Mkm lifted their price objective on shares of Advanced Micro Devices from $125.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, January 31st. Rosenblatt Securities reiterated a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Tuesday, January 30th. Mizuho increased their price objective on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. JPMorgan Chase & Co. lifted their target price on Advanced Micro Devices from $115.00 to $180.00 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Finally, Melius Research upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and set a $188.00 price target for the company in a research report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.59.

Advanced Micro Devices Stock Up 2.4 %

NASDAQ:AMD traded up $3.63 during trading hours on Tuesday, hitting $152.27. 45,968,803 shares of the company’s stock traded hands, compared to its average volume of 73,946,445. The firm has a market cap of $246.09 billion, a P/E ratio of 293.74, a P/E/G ratio of 2.23 and a beta of 1.64. Advanced Micro Devices, Inc. has a twelve month low of $81.02 and a twelve month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. The stock’s fifty day moving average price is $179.18 and its two-hundred day moving average price is $149.56.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share for the quarter, meeting the consensus estimate of $0.77. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. Advanced Micro Devices’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 earnings per share. On average, research analysts expect that Advanced Micro Devices, Inc. will post 2.64 earnings per share 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.