AGP Franklin LLC Buys New Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD)

AGP Franklin LLC purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,580 shares of the semiconductor manufacturer’s stock, valued at approximately $2,244,000.

Other large investors have also recently added to or reduced their stakes in the company. Bear Mountain Capital Inc. acquired a new stake in Advanced Micro Devices during the 4th quarter valued at $25,000. Global Wealth Strategies & Associates acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $29,000. Summit Securities Group LLC acquired a new position in Advanced Micro Devices in the 4th quarter valued at about $31,000. Finally, Retirement Wealth Solutions LLC bought a new position in Advanced Micro Devices in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Advanced Micro Devices Stock Up 1.2 %

Shares of NASDAQ AMD opened at $94.50 on Tuesday. Advanced Micro Devices, Inc. has a 1 year low of $76.48 and a 1 year high of $187.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market cap of $152.74 billion, a PE ratio of 95.46, a price-to-earnings-growth ratio of 1.11 and a beta of 1.89. The company has a 50 day simple moving average of $102.54 and a 200 day simple moving average of $125.03.

Advanced Micro Devices (NASDAQ:AMD) last issued its quarterly 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 net margin of 6.36% and a return on equity of 7.42%. On average, research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Philip Guido bought 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the transaction, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AMD shares. HSBC restated a “reduce” rating and set a $110.00 price objective (down previously from $200.00) on shares of Advanced Micro Devices in a report on Wednesday, January 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Summit Insights raised shares of Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus decreased their price target 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 investment analysts have rated the stock with a sell rating, twelve have given a hold rating, sixteen have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $148.76.

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.