Anchor Investment Management LLC Acquires 213 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Anchor Investment Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 2.8% in the fourth quarter, HoldingsChannel reports. The firm owned 7,886 shares of the semiconductor manufacturer’s stock after purchasing an additional 213 shares during the period. Anchor Investment Management LLC’s holdings in Advanced Micro Devices were worth $953,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of Advanced Micro Devices stock in a transaction dated 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 transaction, the executive vice president now owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Price Performance

Advanced Micro Devices stock opened at $95.29 on Wednesday. The business’s 50 day simple moving average is $102.25 and its 200 day simple moving average is $124.83. Advanced Micro Devices, Inc. has a 12 month low of $76.48 and a 12 month high of $187.28. The company has a market cap of $154.02 billion, a price-to-earnings ratio of 96.25, a PEG ratio of 1.11 and a beta of 1.89. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly 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%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

Wall Street Analysts Forecast Growth

AMD has been the topic of several recent research reports. Benchmark reiterated a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a report on Tuesday, February 18th. StockNews.com downgraded shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a research report on Wednesday, March 26th. Citigroup decreased their price target on shares of Advanced Micro Devices from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. KeyCorp lowered shares of Advanced Micro Devices from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 8th. Finally, TD Cowen decreased their target price on shares of Advanced Micro Devices from $135.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, sixteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.76.

About Advanced Micro Devices

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.