Crew Capital Management Ltd. Purchases Shares of 2,336 Advanced Micro Devices, Inc. (NASDAQ:AMD)

Crew Capital Management Ltd. purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,336 shares of the semiconductor manufacturer’s stock, valued at approximately $344,000.

Other large investors have also recently added to or reduced their stakes in the company. Peoples Bank KS bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $26,000. Spartan Planning & Wealth Management bought a new stake in shares of Advanced Micro Devices during the 3rd quarter worth about $27,000. Gables Capital Management Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $30,000. Finally, Addison Advisors LLC boosted its holdings in shares of Advanced Micro Devices by 41.9% during the 4th quarter. Addison Advisors LLC now owns 210 shares of the semiconductor manufacturer’s stock worth $31,000 after buying an additional 62 shares during the period. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Trading Up 1.8 %

Shares of NASDAQ:AMD traded up $2.80 during trading on Monday, reaching $160.20. The stock had a trading volume of 43,380,230 shares, compared to its average volume of 72,423,883. The firm’s fifty day moving average is $177.46 and its 200 day moving average is $150.85. 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 52 week low of $81.02 and a 52 week high of $227.30. The stock has a market cap of $258.91 billion, a price-to-earnings ratio of 307.04, a P/E/G ratio of 2.39 and a beta of 1.64.

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

Insider Activity

In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark D. Papermaster sold 16,200 shares of the stock in a transaction on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the transaction, the executive vice president now directly owns 1,554,602 shares in the company, valued at $255,343,378.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.65% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Advanced Micro Devices from $157.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. UBS Group boosted their price objective on shares of Advanced Micro Devices from $135.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Citigroup boosted their price objective on shares of Advanced Micro Devices from $136.00 to $192.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wedbush reissued an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, April 17th. Finally, Susquehanna cut their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $184.68.

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.