Sargent Investment Group LLC Grows Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sargent Investment Group LLC raised its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 116.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,492 shares of the semiconductor manufacturer’s stock after buying an additional 6,725 shares during the quarter. Sargent Investment Group LLC’s holdings in Advanced Micro Devices were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Czech National Bank lifted its holdings in shares of Advanced Micro Devices by 7.0% in the 3rd quarter. Czech National Bank now owns 329,712 shares of the semiconductor manufacturer’s stock valued at $54,099,000 after buying an additional 21,708 shares during the period. Azzad Asset Management Inc. ADV increased its holdings in shares of Advanced Micro Devices by 4.5% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 10,681 shares of the semiconductor manufacturer’s stock valued at $1,753,000 after purchasing an additional 456 shares in the last quarter. Greenfield Savings Bank increased its holdings in shares of Advanced Micro Devices by 18.0% in the 3rd quarter. Greenfield Savings Bank now owns 4,753 shares of the semiconductor manufacturer’s stock valued at $780,000 after purchasing an additional 725 shares in the last quarter. Stonebridge Capital Management Inc. boosted its holdings in Advanced Micro Devices by 6.3% during the third quarter. Stonebridge Capital Management Inc. now owns 8,429 shares of the semiconductor manufacturer’s stock worth $1,383,000 after buying an additional 500 shares in the last quarter. Finally, Pacifica Partners Inc. grew its position in Advanced Micro Devices by 0.6% during the third quarter. Pacifica Partners Inc. now owns 25,040 shares of the semiconductor manufacturer’s stock worth $4,109,000 after buying an additional 140 shares during the period. 71.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on AMD. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Loop Capital assumed coverage on 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. StockNews.com downgraded Advanced Micro Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. Morgan Stanley cut their target price on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $169.35.

Advanced Micro Devices Price Performance

AMD opened at $119.50 on Wednesday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $125.38 and its 200 day moving average price is $140.81. Advanced Micro Devices, Inc. has a fifty-two week low of $112.80 and a fifty-two week high of $227.30. The firm has a market cap of $193.93 billion, a price-to-earnings ratio of 107.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. As a group, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is currently owned by company insiders.

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.