Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Spirit of America Management Corp NY

Spirit of America Management Corp NY grew its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,550 shares of the semiconductor manufacturer’s stock after buying an additional 200 shares during the quarter. Spirit of America Management Corp NY’s holdings in Advanced Micro Devices were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Creative Capital Management Investments LLC boosted its stake in shares of Advanced Micro Devices by 124.6% in the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the period. Global Wealth Strategies & Associates acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $26,000. FSA Wealth Management LLC purchased a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $41,000. Coston McIsaac & Partners grew its stake in shares of Advanced Micro Devices by 319.4% in the third quarter. Coston McIsaac & Partners now owns 260 shares of the semiconductor manufacturer’s stock worth $42,000 after acquiring an additional 198 shares in the last quarter. Finally, Retirement Wealth Solutions LLC purchased a new stake in shares of Advanced Micro Devices during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.65% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Roth Mkm restated a “buy” rating and set a $200.00 price target on shares of Advanced Micro Devices in a report on Friday, October 11th. Citigroup reduced their target price on shares of Advanced Micro Devices from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Tuesday, January 21st. The Goldman Sachs Group cut shares of Advanced Micro Devices from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Benchmark reaffirmed a “buy” rating and set a $200.00 price objective on shares of Advanced Micro Devices in a research report on Thursday, October 31st. Finally, StockNews.com lowered Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $169.35.

Advanced Micro Devices Stock Up 4.6 %

Shares of NASDAQ AMD opened at $119.50 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.50 and a quick ratio of 1.78. The firm’s 50-day moving average is $125.38 and its two-hundred day moving average is $140.81. Advanced Micro Devices, Inc. has a 12-month low of $112.80 and a 12-month high of $227.30. The company has a market capitalization of $193.93 billion, a PE ratio of 107.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.54 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.