Bryce Point Capital LLC Invests $507,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Bryce Point Capital LLC bought a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,196 shares of the semiconductor manufacturer’s stock, valued at approximately $507,000.

A number of other large investors have also recently bought and sold shares of the stock. Intrepid Capital Management Inc. boosted its stake in shares of Advanced Micro Devices by 29.1% during the fourth quarter. Intrepid Capital Management Inc. now owns 6,914 shares of the semiconductor manufacturer’s stock valued at $835,000 after acquiring an additional 1,558 shares during the last quarter. Kesler Norman & Wride LLC grew its holdings in shares of Advanced Micro Devices by 36.7% during the fourth quarter. Kesler Norman & Wride LLC now owns 13,637 shares of the semiconductor manufacturer’s stock worth $1,647,000 after buying an additional 3,658 shares in the last quarter. RFG Bristol Wealth Advisors LLC acquired a new position in shares of Advanced Micro Devices in the fourth quarter valued at approximately $847,000. Wisconsin Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 1.5% during the fourth quarter. Wisconsin Capital Management LLC now owns 31,246 shares of the semiconductor manufacturer’s stock valued at $3,774,000 after buying an additional 456 shares during the period. Finally, OV Management LLC boosted its position in Advanced Micro Devices by 6.0% during the fourth quarter. OV Management LLC now owns 10,534 shares of the semiconductor manufacturer’s stock worth $1,272,000 after acquiring an additional 592 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 news, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The shares were purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This represents a 16.09 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMD. Barclays reduced their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 4th. Mizuho lowered their price target on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Friday, March 14th. Wolfe Research lowered shares of Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a report on Thursday, January 16th. Finally, Summit Insights upgraded shares of Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $152.72.

Advanced Micro Devices Stock Down 8.9 %

Shares of Advanced Micro Devices stock opened at $93.80 on Friday. Advanced Micro Devices, Inc. has a 1-year low of $93.55 and a 1-year high of $187.28. The company has a market capitalization of $151.61 billion, a PE ratio of 94.75, a P/E/G ratio of 1.11 and a beta of 1.88. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The business has a 50-day moving average of $107.62 and a 200-day moving average of $129.56.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts forecast that Advanced Micro Devices, Inc. will post 3.87 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.