Perennial Investment Advisors LLC Buys 977 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Perennial Investment Advisors LLC raised its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 12.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,560 shares of the semiconductor manufacturer’s stock after buying an additional 977 shares during the period. Perennial Investment Advisors LLC’s holdings in Advanced Micro Devices were worth $1,034,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices in the fourth quarter worth $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices in the 4th quarter worth $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices during the 4th quarter worth $29,000. Summit Securities Group LLC acquired a new position in Advanced Micro Devices during the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $85.76 on Friday. The company has a market capitalization of $138.61 billion, a P/E ratio of 86.63, a P/E/G ratio of 1.11 and a beta of 1.88. Advanced Micro Devices, Inc. has a 12-month low of $83.67 and a 12-month high of $187.28. The business’s 50 day moving average is $106.88 and its two-hundred day moving average is $128.94. 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 released its quarterly earnings results 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 net margin of 6.36% and a return on equity of 7.42%. Analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Loop Capital began coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target for the company. Susquehanna dropped their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. Mizuho cut their target price on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research report on Friday, March 14th. Finally, Jefferies Financial Group cut Advanced Micro Devices from a “buy” rating to a “hold” rating and lowered their price target for the stock from $135.00 to $120.00 in a research report on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $152.72.

Insider Activity

In other news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were acquired at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.65% of the company’s stock.

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.