Flynn Zito Capital Management LLC Acquires 293 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Flynn Zito Capital Management LLC grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,859 shares of the semiconductor manufacturer’s stock after acquiring an additional 293 shares during the quarter. Advanced Micro Devices accounts for 0.9% of Flynn Zito Capital Management LLC’s portfolio, making the stock its 18th largest holding. Flynn Zito Capital Management LLC’s holdings in Advanced Micro Devices were worth $2,036,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Swedbank AB boosted its holdings in Advanced Micro Devices by 0.8% in the 3rd quarter. Swedbank AB now owns 2,151,636 shares of the semiconductor manufacturer’s stock valued at $353,040,000 after purchasing an additional 17,446 shares during the period. Howard Capital Management Group LLC lifted its stake in shares of Advanced Micro Devices by 21.6% in the third quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock valued at $300,000 after buying an additional 324 shares during the period. Pallas Capital Advisors LLC grew its position in Advanced Micro Devices by 2.2% during the third quarter. Pallas Capital Advisors LLC now owns 3,836 shares of the semiconductor manufacturer’s stock worth $589,000 after buying an additional 82 shares in the last quarter. Boston Financial Mangement LLC grew its position in Advanced Micro Devices by 1.4% during the third quarter. Boston Financial Mangement LLC now owns 5,654 shares of the semiconductor manufacturer’s stock worth $928,000 after buying an additional 80 shares in the last quarter. Finally, Integrated Advisors Network LLC increased its stake in Advanced Micro Devices by 17.7% during the third quarter. Integrated Advisors Network LLC now owns 21,823 shares of the semiconductor manufacturer’s stock valued at $3,581,000 after acquiring an additional 3,278 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Transactions at Advanced Micro Devices

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Philip Guido acquired 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.65% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

AMD has been the topic of several recent research reports. DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a report on Friday, February 7th. Barclays lowered their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. StockNews.com raised shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a report on Wednesday. The Goldman Sachs Group lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and decreased their target price for the company from $175.00 to $129.00 in a research report on Friday, January 10th. Finally, Loop Capital started coverage on shares of Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target for the company. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Stock Up 0.8 %

Shares of AMD opened at $104.74 on Thursday. The firm has a market capitalization of $169.73 billion, a price-to-earnings ratio of 105.80, a PEG ratio of 1.11 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52 week low of $103.62 and a 52 week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The business’s fifty day moving average price is $117.72 and its two-hundred day moving average price is $137.42.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS 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%. On average, analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

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.