Wedbush Securities Inc. Acquires 1,916 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Wedbush Securities Inc. boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,877 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,916 shares during the period. Wedbush Securities Inc.’s holdings in Advanced Micro Devices were worth $10,132,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the fourth quarter worth approximately $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at $29,000. Summit Securities Group LLC bought a new position in Advanced Micro Devices during the fourth quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices during the fourth quarter worth approximately $32,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Advanced Micro Devices Trading Down 8.6 %

Shares of AMD stock opened at $85.76 on Friday. The business has a 50-day moving average price of $106.88 and a two-hundred day moving average price of $129.10. Advanced Micro Devices, Inc. has a 12-month low of $83.67 and a 12-month high of $187.28. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The firm has a market cap of $138.61 billion, a P/E ratio of 86.63, a price-to-earnings-growth ratio of 1.11 and a beta of 1.88.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share 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%. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, EVP Philip Guido bought 4,645 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is owned by insiders.

Analysts Set New Price Targets

AMD has been the topic of a number of recent research reports. Wolfe Research lowered Advanced Micro Devices from an “outperform” rating to a “peer perform” rating in a research note on Thursday, January 16th. Benchmark restated a “buy” rating and issued a $170.00 target price on shares of Advanced Micro Devices in a research report on Tuesday, February 18th. Wedbush reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Melius Research reissued a “hold” rating and set a $129.00 price target (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Finally, Argus set a $160.00 price objective on Advanced Micro Devices in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus price target of $152.72.

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.