Meridian Investment Counsel Inc. Purchases 131 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Meridian Investment Counsel Inc. grew its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,905 shares of the semiconductor manufacturer’s stock after acquiring an additional 131 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Advanced Micro Devices were worth $230,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Summit Financial LLC increased its stake in Advanced Micro Devices by 11.1% during the fourth quarter. Summit Financial LLC now owns 35,860 shares of the semiconductor manufacturer’s stock worth $4,332,000 after acquiring an additional 3,593 shares during the last quarter. Bedell Frazier Investment Counselling LLC increased its position in shares of Advanced Micro Devices by 174.6% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 4,887 shares of the semiconductor manufacturer’s stock valued at $590,000 after purchasing an additional 3,107 shares during the last quarter. AIA Group Ltd raised its holdings in Advanced Micro Devices by 320.6% during the 4th quarter. AIA Group Ltd now owns 22,726 shares of the semiconductor manufacturer’s stock valued at $2,745,000 after buying an additional 17,323 shares during the period. Hazlett Burt & Watson Inc. increased its position in Advanced Micro Devices by 9.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,089 shares of the semiconductor manufacturer’s stock valued at $501,000 after acquiring an additional 361 shares during the last quarter. Finally, Prevail Innovative Wealth Advisors LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth about $7,395,000. Institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of NASDAQ AMD opened at $102.74 on Tuesday. Advanced Micro Devices, Inc. has a 52 week low of $94.73 and a 52 week high of $187.28. 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 firm has a market cap of $166.49 billion, a P/E ratio of 103.78, a P/E/G ratio of 1.11 and a beta of 1.74. The business’s 50 day moving average price is $109.01 and its 200 day moving average price is $130.35.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, sell-side analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.73% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on AMD shares. Benchmark reissued a “buy” rating and issued a $170.00 price objective on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Roth Capital set a $140.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Stifel Nicolaus decreased their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, February 5th. UBS Group set a $175.00 target price on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Summit Insights upgraded Advanced Micro Devices to a “hold” rating in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $152.72.

Advanced Micro Devices 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.