Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Shelton Capital Management

Shelton Capital Management lifted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 3.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 239,360 shares of the semiconductor manufacturer’s stock after acquiring an additional 7,373 shares during the period. Advanced Micro Devices accounts for about 0.7% of Shelton Capital Management’s investment portfolio, making the stock its 18th largest holding. Shelton Capital Management’s holdings in Advanced Micro Devices were worth $28,912,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AMD. Howard Capital Management Group LLC lifted its holdings in shares of Advanced Micro Devices by 21.6% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,827 shares of the semiconductor manufacturer’s stock worth $300,000 after acquiring an additional 324 shares during the period. Principal Financial Group Inc. raised its stake in Advanced Micro Devices by 30.2% during the third quarter. Principal Financial Group Inc. now owns 2,537,968 shares of the semiconductor manufacturer’s stock worth $416,430,000 after purchasing an additional 588,595 shares during the period. United Bank acquired a new position in shares of Advanced Micro Devices in the 3rd quarter valued at $516,000. MML Investors Services LLC grew its stake in shares of Advanced Micro Devices by 15.1% during the 3rd quarter. MML Investors Services LLC now owns 297,963 shares of the semiconductor manufacturer’s stock valued at $48,890,000 after buying an additional 39,190 shares during the period. Finally, Raab & Moskowitz Asset Management LLC increased its holdings in shares of Advanced Micro Devices by 11.4% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 12,782 shares of the semiconductor manufacturer’s stock worth $2,097,000 after buying an additional 1,309 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AMD. Hsbc Global Res cut Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a report on Wednesday, January 8th. KeyCorp decreased their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Wednesday, February 5th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target on the stock. Morgan Stanley set a $137.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Stifel Nicolaus cut their target price on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $152.72.

Insider Buying and Selling

In related news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at approximately $3,605,626.32. The trade was a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Stock Performance

Shares of AMD stock opened at $83.64 on Tuesday. The stock has a market capitalization of $135.19 billion, a price-to-earnings ratio of 84.49, a PEG ratio of 1.11 and a beta of 1.89. Advanced Micro Devices, Inc. has a one year low of $77.75 and a one year high of $187.28. The company’s 50-day simple moving average is $106.25 and its 200-day simple moving average is $128.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

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