Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Lynx Investment Advisory

Lynx Investment Advisory lifted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,221 shares of the semiconductor manufacturer’s stock after acquiring an additional 136 shares during the quarter. Lynx Investment Advisory’s holdings in Advanced Micro Devices were worth $268,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices in the 4th quarter valued at $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth about $29,000. Retirement Wealth Solutions LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth about $32,000. Finally, IAG Wealth Partners LLC lifted its stake in Advanced Micro Devices by 74.7% during the fourth quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 118 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was purchased 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 approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.73% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AMD. Barclays cut their price target on shares of Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. HSBC restated a “reduce” rating and issued a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Susquehanna lowered their price target on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. Melius lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $160.00 to $129.00 in a research report on Tuesday, January 28th. Finally, Mizuho reduced their price target on shares of Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Trading Down 0.7 %

Shares of NASDAQ AMD opened at $106.44 on Monday. Advanced Micro Devices, Inc. has a twelve month low of $94.73 and a twelve month high of $187.28. The stock has a market cap of $172.48 billion, a price-to-earnings ratio of 107.52, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The company’s fifty day moving average is $110.28 and its 200-day moving average is $131.78.

Advanced Micro Devices (NASDAQ:AMD) last posted its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 EPS for the current 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.