Silver Oak Securities Incorporated Purchases 6,679 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Silver Oak Securities Incorporated raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 329.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,704 shares of the semiconductor manufacturer’s stock after acquiring an additional 6,679 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Advanced Micro Devices were worth $1,283,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Peoples Bank KS purchased a new stake in shares of Advanced Micro Devices during the third quarter worth about $26,000. Spartan Planning & Wealth Management purchased a new stake in shares of Advanced Micro Devices during the third quarter worth about $27,000. Gables Capital Management Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $29,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth about $30,000. Finally, Addison Advisors LLC grew its position in shares of Advanced Micro Devices by 41.9% during the fourth quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after purchasing an additional 62 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup raised their price target on Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Morgan Stanley raised their price target on Advanced Micro Devices from $128.00 to $193.00 and gave the company an “overweight” rating in a report on Monday, January 29th. KeyCorp raised their price target on Advanced Micro Devices from $195.00 to $270.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. StockNews.com cut Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday. Finally, UBS Group lifted their target price on Advanced Micro Devices from $135.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $185.15.

Insider Activity at Advanced Micro Devices

In other news, EVP Mark D. Papermaster sold 16,200 shares of the 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 $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Victor Peng sold 100,000 shares of the firm’s stock in a transaction dated 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 directly owns 241,266 shares of the company’s stock, valued at $42,248,089.26. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the firm’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 sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. Insiders have sold 341,143 shares of company stock valued at $62,580,844 in the last ninety days. Corporate insiders own 0.65% of the company’s stock.

Advanced Micro Devices Trading Up 1.6 %

Shares of NASDAQ AMD opened at $159.85 on Monday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86. The stock has a market capitalization of $258.34 billion, a P/E ratio of 302.70, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The business has a fifty day moving average price of $177.46 and a 200 day moving average price of $150.85.

Advanced Micro Devices (NASDAQ:AMD) last announced its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (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 analyst estimates of $6.13 billion. During the same period in the prior year, the company posted $0.54 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. Equities research analysts expect that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal 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.