Brighton Jones LLC Boosts Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Brighton Jones LLC lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,074 shares of the semiconductor manufacturer’s stock after purchasing an additional 1,725 shares during the quarter. Brighton Jones LLC’s holdings in Advanced Micro Devices were worth $3,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in AMD. Vanguard Capital Wealth Advisors increased its stake in shares of Advanced Micro Devices by 4.0% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 3,219 shares of the semiconductor manufacturer’s stock worth $475,000 after buying an additional 125 shares during the period. Mission Wealth Management LP increased its position in shares of Advanced Micro Devices by 65.9% during the fourth quarter. Mission Wealth Management LP now owns 18,499 shares of the semiconductor manufacturer’s stock worth $2,727,000 after purchasing an additional 7,350 shares in the last quarter. Certuity LLC boosted its position in shares of Advanced Micro Devices by 5.8% in the 4th quarter. Certuity LLC now owns 9,813 shares of the semiconductor manufacturer’s stock valued at $1,447,000 after purchasing an additional 534 shares during the period. Norden Group LLC grew its position in shares of Advanced Micro Devices by 6.5% during the fourth quarter. Norden Group LLC now owns 4,077 shares of the semiconductor manufacturer’s stock worth $601,000 after acquiring an additional 250 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its stake in Advanced Micro Devices by 1.0% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 18,040 shares of the semiconductor manufacturer’s stock valued at $2,659,000 after purchasing an additional 180 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the business’s stock in a transaction on Monday, April 15th. The shares were 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 owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Advanced Micro Devices news, Director Joseph A. Householder sold 6,572 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the completion of the sale, the director now directly owns 2,197 shares in the company, valued at approximately $457,151.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Mark D. Papermaster sold 16,200 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $164.25, for a total value of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares of the company’s stock, valued at $255,343,378.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 341,143 shares of company stock worth $62,580,844. Company insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

AMD has been the subject of a number of recent analyst reports. Wedbush restated an “outperform” rating and issued a $200.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, April 17th. DZ Bank reaffirmed a “hold” rating and set a $200.00 price target on shares of Advanced Micro Devices in a research note on Thursday, March 7th. Bank of America boosted their price objective on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Northland Securities raised Advanced Micro Devices from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a research report on Wednesday, January 31st. Finally, Wells Fargo & Company raised their price target on Advanced Micro Devices from $165.00 to $190.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $184.68.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $1.82 during mid-day trading on Tuesday, reaching $158.38. The company’s stock had a trading volume of 57,985,168 shares, compared to its average volume of 72,251,242. The firm’s fifty day moving average price is $177.19 and its two-hundred day moving average price is $151.21. 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 12-month low of $81.02 and a 12-month high of $227.30. The company has a market capitalization of $255.96 billion, a P/E ratio of 309.89, a PEG ratio of 2.39 and a beta of 1.64.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The company had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.48 billion. Advanced Micro Devices had a net margin of 3.77% and a return on equity of 5.73%. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.43 EPS. Sell-side analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current fiscal 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.