Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Acquired by Summit X LLC

Summit X LLC increased its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 9.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,259 shares of the semiconductor manufacturer’s stock after acquiring an additional 516 shares during the quarter. Summit X LLC’s holdings in Advanced Micro Devices were worth $756,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates bought a new position in Advanced Micro Devices during the 4th quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $29,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $32,000. Finally, Compass Financial Services Inc bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth approximately $39,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

AMD opened at $96.76 on Wednesday. The stock has a market cap of $156.80 billion, a price-to-earnings ratio of 97.74, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1 year low of $94.73 and a 1 year high of $202.85. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The stock has a fifty day moving average price of $113.39 and a 200 day moving average price of $134.17.

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

Analyst Upgrades and Downgrades

AMD has been the topic of several recent research reports. HSBC reissued a “reduce” rating and issued a $110.00 price target (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. The Goldman Sachs Group downgraded Advanced Micro Devices from a “buy” rating to a “neutral” rating and cut their price target for the stock from $175.00 to $129.00 in a report on Friday, January 10th. Wells Fargo & Company reissued an “overweight” rating on shares of Advanced Micro Devices in a report on Wednesday, February 19th. Loop Capital began coverage on Advanced Micro Devices in a research report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 target price on the stock. Finally, DZ Bank cut Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $155.83.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction on Friday, February 7th. The stock was bought at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.73% of the company’s stock.

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.