2,200 Shares in Advanced Micro Devices, Inc. (NASDAQ:AMD) Bought by New Jersey Better Educational Savings Trust

New Jersey Better Educational Savings Trust purchased a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,200 shares of the semiconductor manufacturer’s stock, valued at approximately $324,000.

Other large investors also recently made changes to their positions in the company. Washburn Capital Management Inc. bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $231,000. Pathway Financial Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $229,000. Independence Bank of Kentucky boosted its stake in Advanced Micro Devices by 84.1% during the 4th quarter. Independence Bank of Kentucky now owns 3,671 shares of the semiconductor manufacturer’s stock valued at $541,000 after purchasing an additional 1,677 shares during the period. Gendell Jeffrey L acquired a new position in Advanced Micro Devices in the 3rd quarter valued at approximately $3,085,000. Finally, Sara Bay Financial acquired a new position in Advanced Micro Devices in the 4th quarter valued at approximately $315,000. Institutional investors own 71.34% of the company’s stock.

Insider Activity at Advanced Micro Devices

In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now owns 1,554,602 shares in the company, valued at $255,343,378.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Victor Peng sold 100,000 shares of Advanced Micro Devices stock in a transaction dated 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 transaction, the insider now owns 241,266 shares of the company’s stock, valued at approximately $42,248,089.26. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,143 shares of company stock valued at $62,580,844. 0.73% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have commented on AMD. Roth Mkm upped their price target on Advanced Micro Devices from $125.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, April 17th. HSBC raised Advanced Micro Devices from a “hold” rating to a “buy” rating and increased their target price for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. Mizuho increased their target price on Advanced Micro Devices from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $200.00 target price on shares of Advanced Micro Devices in a report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $185.59.

Advanced Micro Devices Trading Up 1.3 %

Shares of NASDAQ:AMD traded up $2.02 during midday trading on Thursday, hitting $153.76. The company had a trading volume of 41,077,391 shares, compared to its average volume of 73,156,063. Advanced Micro Devices, Inc. has a 12 month low of $81.02 and a 12 month high of $227.30. The company has a current ratio of 2.51, a quick ratio of 1.86 and a debt-to-equity ratio of 0.03. The stock has a market cap of $248.50 billion, a price-to-earnings ratio of 292.93, a PEG ratio of 2.32 and a beta of 1.64. The firm has a fifty day simple moving average of $178.25 and a 200 day simple moving average of $149.89.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, January 30th. The semiconductor manufacturer reported $0.77 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.77. The business had revenue of $6.17 billion for 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%. Advanced Micro Devices’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. On average, analysts predict that Advanced Micro Devices, Inc. will post 2.64 EPS for the current year.

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.