Patten Group Inc. Purchases 1,061 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Patten Group Inc. boosted its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,277 shares of the semiconductor manufacturer’s stock after buying an additional 1,061 shares during the period. Patten Group Inc.’s holdings in Advanced Micro Devices were worth $1,121,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Bedell Frazier Investment Counselling LLC boosted its position in shares of Advanced Micro Devices by 4.3% during the 3rd quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after acquiring an additional 74 shares during the last quarter. NCM Capital Management LLC lifted its holdings in shares of Advanced Micro Devices by 0.9% in the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock valued at $1,420,000 after acquiring an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Advanced Micro Devices by 15.2% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock worth $94,000 after purchasing an additional 76 shares during the period. Arlington Capital Management Inc. increased its position in Advanced Micro Devices by 2.6% during the third quarter. Arlington Capital Management Inc. now owns 3,106 shares of the semiconductor manufacturer’s stock valued at $510,000 after acquiring an additional 80 shares during the last quarter. Finally, Bank of Marin raised its position in Advanced Micro Devices by 1.3% in the 3rd quarter. Bank of Marin now owns 6,007 shares of the semiconductor manufacturer’s stock worth $986,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AMD. Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their target price for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Wells Fargo & Company reaffirmed an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Susquehanna lowered their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a report on Wednesday, February 5th. Stifel Nicolaus reduced their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Finally, TD Cowen decreased their price target on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $155.83.

Advanced Micro Devices Stock Down 1.6 %

Shares of AMD opened at $98.23 on Tuesday. The firm has a market cap of $159.18 billion, a P/E ratio of 99.22, a PEG ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a 12 month low of $97.09 and a 12 month high of $227.30. The stock’s 50 day moving average is $116.41 and its two-hundred day moving average is $136.49. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of the stock in a transaction dated Friday, February 7th. The shares were bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their position. The disclosure for this purchase can be found here. 0.73% of the stock is owned by corporate insiders.

Advanced Micro Devices 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.