Advanced Micro Devices, Inc. (NASDAQ:AMD) Shares Bought by Broderick Brian C

Broderick Brian C grew its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,952 shares of the semiconductor manufacturer’s stock after acquiring an additional 1,396 shares during the quarter. Advanced Micro Devices comprises about 4.5% of Broderick Brian C’s holdings, making the stock its 4th largest position. Broderick Brian C’s holdings in Advanced Micro Devices were worth $17,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hel Ved Capital Management Ltd acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $4,315,000. Delaney Dennis R increased its position in Advanced Micro Devices by 3.7% during the 4th quarter. Delaney Dennis R now owns 32,285 shares of the semiconductor manufacturer’s stock worth $4,759,000 after purchasing an additional 1,139 shares in the last quarter. Azimuth Capital Investment Management LLC acquired a new stake in Advanced Micro Devices during the 4th quarter worth approximately $239,000. Frank Rimerman Advisors LLC purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $237,000. Finally, Platform Technology Partners purchased a new position in Advanced Micro Devices in the 4th quarter worth approximately $249,000. Institutional investors and hedge funds own 71.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Susquehanna decreased their price target on Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a report on Monday, April 29th. HSBC upgraded Advanced Micro Devices from a “hold” rating to a “buy” rating and upped their price target for the stock from $180.00 to $225.00 in a report on Tuesday, April 16th. KeyCorp decreased their price target on Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, May 1st. Wedbush restated an “outperform” rating and issued a $200.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Finally, UBS Group decreased their price target on Advanced Micro Devices from $205.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $185.26.

Read Our Latest Research Report on AMD

Advanced Micro Devices Price Performance

Shares of AMD stock traded up $1.09 during midday trading on Friday, reaching $167.87. 44,795,998 shares of the company were exchanged, compared to its average volume of 50,097,296. The company’s 50 day moving average price is $161.33 and its two-hundred day moving average price is $161.07. The company has a market cap of $271.33 billion, a P/E ratio of 246.87, a PEG ratio of 1.92 and a beta of 1.69. Advanced Micro Devices, Inc. has a 12 month low of $93.11 and a 12 month high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The firm had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a return on equity of 5.72% and a net margin of 4.89%. Advanced Micro Devices’s revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.62 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the transaction, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Advanced Micro Devices news, EVP Mark D. Papermaster sold 16,200 shares of the firm’s 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 sale, the executive vice president now directly owns 1,554,602 shares in the company, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $195.13, for a total value of $24,391,250.00. Following the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,400 shares of company stock valued at $30,077,126. 0.73% of the stock is owned by corporate insiders.

About Advanced Micro Devices

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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