Viking Fund Management LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 20.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,000 shares of the semiconductor manufacturer’s stock after acquiring an additional 10,000 shares during the quarter. Viking Fund Management LLC’s holdings in Advanced Micro Devices were worth $596,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Bronfman E.L. Rothschild L.P. grew its stake in Advanced Micro Devices by 1,655.2% during the 3rd quarter. Bronfman E.L. Rothschild L.P. now owns 8,741 shares of the semiconductor manufacturer’s stock valued at $111,000 after acquiring an additional 8,243 shares in the last quarter. First Personal Financial Services bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $127,000. 1492 Capital Management LLC bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $128,000. Cetera Investment Advisers bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $137,000. Finally, Ausdal Financial Partners Inc. bought a new stake in shares of Advanced Micro Devices in the 3rd quarter valued at approximately $139,000. Hedge funds and other institutional investors own 60.99% of the company’s stock.
Advanced Micro Devices, Inc. (NASDAQ AMD) traded up $0.09 during trading hours on Friday, reaching $11.31. The company’s stock had a trading volume of 83,500,016 shares, compared to its average volume of 64,300,000. Advanced Micro Devices, Inc. has a 1 year low of $9.70 and a 1 year high of $15.65. The company has a quick ratio of 1.27, a current ratio of 1.76 and a debt-to-equity ratio of 2.17. The firm has a market capitalization of $10,910.00, a price-to-earnings ratio of 377.00, a price-to-earnings-growth ratio of 4.82 and a beta of 2.70.
Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.40 billion. Advanced Micro Devices had a return on equity of 16.76% and a net margin of 0.81%. The company’s quarterly revenue was up 33.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.01) earnings per share. sell-side analysts expect that Advanced Micro Devices, Inc. will post 0.3 EPS for the current year.
Several equities research analysts recently commented on the company. Credit Suisse Group boosted their price target on Advanced Micro Devices from $12.00 to $13.50 and gave the company a “neutral” rating in a research note on Wednesday, January 31st. Vetr lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $13.12 target price for the company. in a report on Monday, January 29th. MKM Partners boosted their target price on Advanced Micro Devices from $13.00 to $14.50 and gave the stock a “buy” rating in a report on Monday, January 29th. Zacks Investment Research lowered Advanced Micro Devices from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $15.00 price target on shares of Advanced Micro Devices in a report on Wednesday, October 18th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.87.
In related news, insider Mark D. Papermaster sold 34,330 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $10.62, for a total transaction of $364,584.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark D. Papermaster sold 100,000 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $11.57, for a total value of $1,157,000.00. Following the transaction, the insider now owns 1,057,949 shares of the company’s stock, valued at $12,240,469.93. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,394,119 shares of company stock worth $15,639,964. 1.60% of the stock is currently owned by insiders.
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Advanced Micro Devices Company Profile
Advanced Micro Devices, Inc is a global semiconductor company. The Company is engaged in offering x86 microprocessors, as standalone devices or as incorporated into an accelerated processing unit (APU), chipsets, discrete graphics processing units (GPUs) and professional graphics, and server and embedded processors and semi-custom System-on-Chip (SoC) products and technology for game consoles.
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