International Assets Investment Management LLC Increases Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

International Assets Investment Management LLC boosted its position in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 8.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 25,354 shares of the semiconductor manufacturer’s stock after buying an additional 1,990 shares during the quarter. International Assets Investment Management LLC’s holdings in Advanced Micro Devices were worth $3,737,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of AMD. Peoples Bank KS purchased a new position in Advanced Micro Devices in the third quarter worth about $26,000. Spartan Planning & Wealth Management purchased a new stake in shares of Advanced Micro Devices during the 3rd quarter valued at about $27,000. Raleigh Capital Management Inc. lifted its position in Advanced Micro Devices by 54.8% during the third quarter. Raleigh Capital Management Inc. now owns 308 shares of the semiconductor manufacturer’s stock valued at $32,000 after purchasing an additional 109 shares during the period. Founders Capital Management boosted its stake in shares of Advanced Micro Devices by 104.2% in the 4th quarter. Founders Capital Management now owns 294 shares of the semiconductor manufacturer’s stock worth $43,000 after buying an additional 150 shares during the last quarter. Finally, Carmel Capital Partners LLC grew its holdings in shares of Advanced Micro Devices by 463.6% in the third quarter. Carmel Capital Partners LLC now owns 434 shares of the semiconductor manufacturer’s stock worth $45,000 after acquiring an additional 357 shares during the period. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Stock Down 0.8 %

NASDAQ AMD opened at $152.39 on Friday. Advanced Micro Devices, Inc. has a 52 week low of $93.11 and a 52 week high of $227.30. The firm has a market capitalization of $246.31 billion, a price-to-earnings ratio of 224.10, a PEG ratio of 2.33 and a beta of 1.66. The company has a quick ratio of 1.92, a current ratio of 2.64 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $174.08 and a two-hundred day moving average of $153.24.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm had revenue of $5.47 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period in the previous year, the company earned $0.43 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.63 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AMD shares. HSBC raised shares of Advanced Micro Devices from a “hold” rating to a “buy” rating and boosted their price objective for the company from $180.00 to $225.00 in a research report on Tuesday, April 16th. Wells Fargo & Company lifted their price objective on Advanced Micro Devices from $165.00 to $190.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Raymond James downgraded Advanced Micro Devices from a “strong-buy” rating to an “outperform” rating and boosted their price objective for the company from $190.00 to $195.00 in a research note on Tuesday, January 30th. Bank of America raised their target price on shares of Advanced Micro Devices from $165.00 to $195.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, Wedbush reiterated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $183.94.

Insider Buying and Selling at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the sale, the executive vice president now owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Darla M. Smith sold 1,678 shares of the company’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $188.66, for a total transaction of $316,571.48. Following the completion of the transaction, the chief accounting officer now owns 4,209 shares in the company, valued at $794,069.94. The disclosure for this sale can be found here. Insiders sold 181,850 shares of company stock worth $34,637,833 over the last 90 days. Company insiders own 0.65% of the company’s stock.

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.