White Pine Capital LLC Acquires 229 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

White Pine Capital LLC lifted its stake in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 4.5% during the 4th quarter, Holdings Channel reports. The firm owned 5,358 shares of the semiconductor manufacturer’s stock after acquiring an additional 229 shares during the period. White Pine Capital LLC’s holdings in Advanced Micro Devices were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Rooted Wealth Advisors Inc. grew its holdings in Advanced Micro Devices by 49.5% during the fourth quarter. Rooted Wealth Advisors Inc. now owns 2,314 shares of the semiconductor manufacturer’s stock valued at $295,000 after purchasing an additional 766 shares during the period. Palacios Wealth Management LLC acquired a new stake in Advanced Micro Devices in the fourth quarter worth $1,055,000. Root Financial Partners LLC grew its holdings in shares of Advanced Micro Devices by 78.8% in the 4th quarter. Root Financial Partners LLC now owns 4,969 shares of the semiconductor manufacturer’s stock valued at $600,000 after buying an additional 2,190 shares during the period. Manchester Financial Inc. grew its holdings in shares of Advanced Micro Devices by 8.5% in the 4th quarter. Manchester Financial Inc. now owns 2,726 shares of the semiconductor manufacturer’s stock valued at $329,000 after buying an additional 213 shares during the period. Finally, IMS Capital Management increased its position in shares of Advanced Micro Devices by 43.5% in the 4th quarter. IMS Capital Management now owns 10,822 shares of the semiconductor manufacturer’s stock valued at $1,307,000 after buying an additional 3,278 shares in the last quarter. 71.34% of the stock is owned by institutional investors and hedge funds.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $111.81 on Friday. Advanced Micro Devices, Inc. has a one year low of $106.50 and a one year high of $227.30. The stock has a market cap of $181.19 billion, a P/E ratio of 112.94, a P/E/G ratio of 1.04 and a beta of 1.65. The company has a fifty day moving average price of $121.53 and a two-hundred day moving average price of $139.12. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78.

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 the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. As a group, equities analysts predict that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the firm’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Philip Guido acquired 4,645 shares of the business’s stock in a transaction on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Benchmark reduced their target price on Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, February 5th. Wells Fargo & Company cut their price objective on Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Citigroup lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 5th. TD Cowen dropped their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a report on Monday, January 13th. Finally, Melius lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and cut their price target for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Two equities research 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $158.70.

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.