Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Westside Investment Management Inc.

Westside Investment Management Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,874 shares of the semiconductor manufacturer’s stock after buying an additional 467 shares during the period. Westside Investment Management Inc.’s holdings in Advanced Micro Devices were worth $710,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Advanced Micro Devices by 89.0% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,068 shares of the semiconductor manufacturer’s stock worth $336,000 after purchasing an additional 974 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Advanced Micro Devices by 21.1% in the second quarter. 1832 Asset Management L.P. now owns 166,063 shares of the semiconductor manufacturer’s stock worth $26,937,000 after purchasing an additional 28,961 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Advanced Micro Devices by 73.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 62,107 shares of the semiconductor manufacturer’s stock worth $10,074,000 after buying an additional 26,346 shares during the last quarter. Evergreen Capital Management LLC grew its position in shares of Advanced Micro Devices by 6.2% in the 2nd quarter. Evergreen Capital Management LLC now owns 10,695 shares of the semiconductor manufacturer’s stock worth $1,735,000 after acquiring an additional 622 shares in the last quarter. Finally, Samlyn Capital LLC increased its holdings in shares of Advanced Micro Devices by 30.2% in the 2nd quarter. Samlyn Capital LLC now owns 911,763 shares of the semiconductor manufacturer’s stock valued at $147,897,000 after acquiring an additional 211,348 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $141.67, for a total transaction 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 $41,558,469.49. The trade was a 12.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. Corporate insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on AMD. KeyCorp decreased their price objective on shares of Advanced Micro Devices from $220.00 to $150.00 and set an “overweight” rating for the company in a report on Tuesday, January 14th. Wells Fargo & Company decreased their price target on shares of Advanced Micro Devices from $205.00 to $165.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Bank of America lowered shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $180.00 to $155.00 in a research note on Monday, December 9th. Wolfe Research downgraded Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Finally, Roth Mkm reiterated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $177.71.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $123.74 on Wednesday. Advanced Micro Devices, Inc. has a 52 week low of $114.41 and a 52 week high of $227.30. The company has a current ratio of 2.50, a quick ratio of 1.78 and a debt-to-equity ratio of 0.03. The stock has a market cap of $200.81 billion, a PE ratio of 111.46, a price-to-earnings-growth ratio of 1.07 and a beta of 1.66. The company’s 50-day moving average price is $128.99 and its two-hundred day moving average price is $144.41.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.71 billion. During the same quarter in the previous year, the company posted $0.53 EPS. The business’s revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 EPS for the current fiscal year.

About Advanced Micro Devices

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.