Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. lifted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,942 shares of the semiconductor manufacturer’s stock after acquiring an additional 544 shares during the period. SRS Capital Advisors Inc.’s holdings in Advanced Micro Devices were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bear Mountain Capital Inc. acquired a new position in Advanced Micro Devices during the fourth quarter worth $25,000. Global Wealth Strategies & Associates acquired a new position in Advanced Micro Devices during the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $29,000. Retirement Wealth Solutions LLC acquired a new position in Advanced Micro Devices during the fourth quarter worth $32,000. Finally, Compass Financial Services Inc acquired a new position in Advanced Micro Devices during the fourth quarter worth $39,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMD has been the topic of several recent analyst reports. Mizuho decreased their price target on Advanced Micro Devices from $160.00 to $140.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 5th. Roth Capital set a $140.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. TD Cowen decreased their price target on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research note on Monday, January 13th. KeyCorp decreased their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 5th. Finally, UBS Group set a $175.00 price target on Advanced Micro Devices in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $98.23 on Tuesday. The stock’s 50-day moving average is $116.41 and its two-hundred day moving average is $136.49. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. Advanced Micro Devices, Inc. has a 1-year low of $97.09 and a 1-year high of $227.30. The company has a market cap of $159.18 billion, a price-to-earnings ratio of 99.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 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.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido acquired 4,645 shares of the company’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 acquisition, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.73% 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.