Watts Gwilliam & Co. LLC Buys 11,616 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Watts Gwilliam & Co. LLC grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 151.6% during the fourth quarter, HoldingsChannel reports. The firm owned 19,279 shares of the semiconductor manufacturer’s stock after purchasing an additional 11,616 shares during the quarter. Watts Gwilliam & Co. LLC’s holdings in Advanced Micro Devices were worth $2,455,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Andra AP fonden purchased a new position in Advanced Micro Devices during the second quarter valued at $2,855,000. HHM Wealth Advisors LLC boosted its stake in Advanced Micro Devices by 38.5% during the second quarter. HHM Wealth Advisors LLC now owns 597 shares of the semiconductor manufacturer’s stock worth $97,000 after acquiring an additional 166 shares in the last quarter. Linscomb Wealth Inc. grew its holdings in Advanced Micro Devices by 3.7% in the second quarter. Linscomb Wealth Inc. now owns 13,595 shares of the semiconductor manufacturer’s stock worth $2,205,000 after purchasing an additional 480 shares during the period. Y.D. More Investments Ltd increased its stake in shares of Advanced Micro Devices by 3.2% during the second quarter. Y.D. More Investments Ltd now owns 30,694 shares of the semiconductor manufacturer’s stock valued at $4,978,000 after purchasing an additional 965 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. lifted its holdings in shares of Advanced Micro Devices by 406.7% during the second quarter. Cornercap Investment Counsel Inc. now owns 17,396 shares of the semiconductor manufacturer’s stock valued at $2,822,000 after purchasing an additional 13,963 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AMD. Mizuho reduced their price objective on Advanced Micro Devices from $185.00 to $180.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Barclays reduced their price target on Advanced Micro Devices from $180.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. UBS Group lowered their price target on Advanced Micro Devices from $210.00 to $205.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Bank of America cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $180.00 to $155.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $187.85.

Advanced Micro Devices Stock Performance

Shares of NASDAQ AMD opened at $121.84 on Friday. The stock has a market cap of $197.72 billion, a PE ratio of 109.77, a price-to-earnings-growth ratio of 1.88 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1 year low of $117.90 and a 1 year high of $227.30. The firm has a fifty day moving average price of $133.09 and a 200-day moving average price of $147.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 EPS for the quarter, meeting analysts’ consensus estimates of $0.92. Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same period last year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other news, EVP Forrest Eugene Norrod sold 40,540 shares of Advanced Micro Devices stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the sale, the executive vice president now directly owns 293,347 shares of the company’s stock, valued at approximately $41,558,469.49. The trade was a 12.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Lisa T. Su sold 80,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $143.87, for a total value of $11,509,600.00. Following the transaction, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $513,150,048.94. The trade was a 2.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.65% of the stock is owned by company insiders.

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.