Abbrea Capital LLC Acquires 1,170 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Abbrea Capital LLC increased its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,615 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,170 shares during the quarter. Abbrea Capital LLC’s holdings in Advanced Micro Devices were worth $1,417,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $26,000. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $27,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $29,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter valued at approximately $30,000. Finally, Raleigh Capital Management Inc. grew its holdings in shares of Advanced Micro Devices by 54.8% during the 3rd quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 109 shares during the last quarter. 71.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AMD. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Thursday. TD Cowen lifted their target price on shares of Advanced Micro Devices from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. lifted their target price on shares of Advanced Micro Devices from $115.00 to $180.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 31st. Northland Securities upgraded shares of Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research report on Wednesday, January 31st. Finally, Morgan Stanley boosted their price target on shares of Advanced Micro Devices from $128.00 to $193.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.59.

Insider Buying and Selling at Advanced Micro Devices

In other news, CAO Darla M. Smith sold 1,678 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now directly owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Advanced Micro Devices news, CAO Darla M. Smith sold 1,678 shares of Advanced Micro Devices stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $188.66, for a total value of $316,571.48. Following the completion of the sale, the chief accounting officer now owns 4,209 shares of the company’s stock, valued at approximately $794,069.94. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the completion of the sale, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The disclosure for this sale can be found here. Insiders sold 341,143 shares of company stock valued at $62,580,844 in the last quarter. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Trading Up 2.4 %

Shares of AMD stock traded up $3.64 on Friday, hitting $157.40. 42,431,913 shares of the company’s stock traded hands, compared to its average volume of 72,774,586. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.86 and a current ratio of 2.51. Advanced Micro Devices, Inc. has a one year low of $81.02 and a one year high of $227.30. The company’s fifty day simple moving average is $177.79 and its 200 day simple moving average is $149.92. The stock has a market capitalization of $254.38 billion, a price-to-earnings ratio of 303.56, a P/E/G ratio of 2.31 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, meeting the consensus estimate of $0.77. The company had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.13 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

Advanced Micro Devices Company 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.