Investment House LLC Acquires 5,726 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Investment House LLC boosted its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 22.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 31,480 shares of the semiconductor manufacturer’s stock after acquiring an additional 5,726 shares during the quarter. Investment House LLC’s holdings in Advanced Micro Devices were worth $3,802,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AMD. Bear Mountain Capital Inc. bought a new position in Advanced Micro Devices in the 4th quarter worth about $25,000. Global Wealth Strategies & Associates bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $29,000. Retirement Wealth Solutions LLC bought a new position in shares of Advanced Micro Devices during the 4th quarter valued at about $32,000. Finally, IAG Wealth Partners LLC increased its position in shares of Advanced Micro Devices by 74.7% during the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after purchasing an additional 118 shares during the last quarter. 71.34% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was bought at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the purchase, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This trade represents a 16.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is currently owned by company insiders.

Advanced Micro Devices Trading Down 1.0 %

AMD opened at $103.51 on Wednesday. The stock has a market cap of $167.74 billion, a PE ratio of 104.56, a PEG ratio of 1.11 and a beta of 1.74. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 0.03. The business has a 50 day moving average of $111.08 and a 200-day moving average of $132.53. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $187.69.

Advanced Micro Devices (NASDAQ:AMD) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. Equities research analysts predict that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AMD shares. Hsbc Global Res lowered Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research report on Wednesday, January 8th. UBS Group set a $175.00 price objective on Advanced Micro Devices in a research report on Wednesday, February 5th. Wedbush reiterated an “outperform” rating and set a $150.00 price objective on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Wells Fargo & Company reiterated an “overweight” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Finally, Loop Capital began coverage on Advanced Micro Devices in a report on Tuesday, January 14th. They set a “buy” rating and a $175.00 target price for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $155.14.

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.