Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Purchased by Lincoln Capital Corp

Lincoln Capital Corp raised its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,049 shares of the semiconductor manufacturer’s stock after buying an additional 1,604 shares during the quarter. Advanced Micro Devices comprises about 2.4% of Lincoln Capital Corp’s investment portfolio, making the stock its 11th biggest position. Lincoln Capital Corp’s holdings in Advanced Micro Devices were worth $4,872,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Castleview Partners LLC boosted its holdings in shares of Advanced Micro Devices by 62.5% during the second quarter. Castleview Partners LLC now owns 234 shares of the semiconductor manufacturer’s stock worth $27,000 after purchasing an additional 90 shares during the last quarter. Peoples Bank KS acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $26,000. Activest Wealth Management acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $26,000. Spartan Planning & Wealth Management acquired a new stake in shares of Advanced Micro Devices during the third quarter worth $27,000. Finally, Founders Capital Management boosted its holdings in shares of Advanced Micro Devices by 104.2% during the fourth quarter. Founders Capital Management now owns 294 shares of the semiconductor manufacturer’s stock worth $43,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analyst Upgrades and Downgrades

AMD has been the topic of several analyst reports. TD Cowen raised their price objective on Advanced Micro Devices from $130.00 to $185.00 and gave the stock an “outperform” rating in a report on Thursday, January 18th. Barclays increased their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Susquehanna increased their target price on Advanced Micro Devices from $170.00 to $210.00 and gave the stock a “positive” rating in a research report on Monday, January 29th. StockNews.com raised Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, KeyCorp increased their target price on Advanced Micro Devices from $195.00 to $270.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.82.

Advanced Micro Devices Stock Up 1.0 %

NASDAQ:AMD traded up $1.72 during mid-day trading on Wednesday, reaching $179.59. The stock had a trading volume of 55,639,235 shares, compared to its average volume of 78,312,609. The company has a market capitalization of $287.34 billion, a price-to-earnings ratio of 345.37, a price-to-earnings-growth ratio of 2.69 and a beta of 1.66. Advanced Micro Devices, Inc. has a 1-year low of $81.02 and a 1-year high of $227.30. The stock’s 50 day simple moving average is $180.63 and its two-hundred day simple moving average is $140.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.51 and a quick ratio of 1.86.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 EPS for the quarter, hitting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion during the quarter, compared to the consensus estimate of $6.13 billion. Advanced Micro Devices had a return on equity of 5.73% and a net margin of 3.77%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. Equities analysts anticipate that Advanced Micro Devices, Inc. will post 2.67 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $175.11, for a total value of $17,511,000.00. Following the completion of the transaction, the insider now directly owns 241,266 shares in the company, valued at $42,248,089.26. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Joseph A. Householder sold 6,572 shares of Advanced Micro Devices stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $208.08, for a total transaction of $1,367,501.76. Following the sale, the director now owns 2,197 shares of the company’s stock, valued at $457,151.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $175.11, for a total value of $17,511,000.00. Following the sale, the insider now directly owns 241,266 shares in the company, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Insiders sold a total of 324,943 shares of company stock worth $59,919,994 over the last ninety days. Company insiders own 0.73% of the company’s stock.

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.