5,538 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Purchased by Sovran Advisors LLC

Sovran Advisors LLC acquired a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,538 shares of the semiconductor manufacturer’s stock, valued at approximately $643,000.

A number of other institutional investors and hedge funds have also bought and sold shares of AMD. Creative Capital Management Investments LLC lifted its position in Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer’s stock valued at $25,000 after purchasing an additional 86 shares during the period. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the 4th quarter worth approximately $26,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices during the 4th quarter valued at $32,000. Compass Financial Services Inc bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at $39,000. Finally, FSA Wealth Management LLC purchased a new position in shares of Advanced Micro Devices in the 3rd quarter worth $41,000. 71.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AMD has been the topic of several research reports. Susquehanna dropped their target price on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Melius Research reissued a “hold” rating and issued a $129.00 price objective (down previously from $160.00) on shares of Advanced Micro Devices in a report on Tuesday, January 28th. Morgan Stanley reduced their target price on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Wedbush reiterated an “outperform” rating and issued a $150.00 price target on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Finally, StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $158.70.

Insiders Place Their Bets

In other news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 3,566,762 shares of the company’s stock, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Up 0.6 %

Shares of AMD stock opened at $111.10 on Wednesday. The company’s fifty day simple moving average is $122.79 and its two-hundred day simple moving average is $139.51. Advanced Micro Devices, Inc. has a 52 week low of $106.50 and a 52 week high of $227.30. The stock has a market cap of $180.04 billion, a P/E ratio of 112.22, a PEG ratio of 1.04 and a beta of 1.65. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results 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 predict that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

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.