Vision Capital Management Inc. Raises Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Vision Capital Management Inc. grew its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 15.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,300 shares of the semiconductor manufacturer’s stock after purchasing an additional 300 shares during the quarter. Vision Capital Management Inc.’s holdings in Advanced Micro Devices were worth $278,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. LCM Capital Management Inc raised its stake in shares of Advanced Micro Devices by 4.4% in the 4th quarter. LCM Capital Management Inc now owns 7,745 shares of the semiconductor manufacturer’s stock valued at $936,000 after acquiring an additional 325 shares during the period. Money Concepts Capital Corp increased its stake in Advanced Micro Devices by 3.8% during the 4th quarter. Money Concepts Capital Corp now owns 4,355 shares of the semiconductor manufacturer’s stock worth $526,000 after buying an additional 158 shares during the period. Confluence Wealth Services Inc. increased its stake in Advanced Micro Devices by 19.6% during the 4th quarter. Confluence Wealth Services Inc. now owns 2,319 shares of the semiconductor manufacturer’s stock worth $285,000 after buying an additional 380 shares during the period. Country Club Bank increased its stake in Advanced Micro Devices by 135.7% during the 4th quarter. Country Club Bank now owns 38,973 shares of the semiconductor manufacturer’s stock worth $4,772,000 after buying an additional 22,441 shares during the period. Finally, Spirit of America Management Corp NY increased its stake in Advanced Micro Devices by 2.7% during the 4th quarter. Spirit of America Management Corp NY now owns 7,550 shares of the semiconductor manufacturer’s stock worth $912,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Trading Down 6.3 %

Advanced Micro Devices stock opened at $112.01 on Thursday. The company has a quick ratio of 1.78, a current ratio of 2.50 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $125.02 and a two-hundred day moving average price of $140.59. The firm has a market capitalization of $181.77 billion, a price-to-earnings ratio of 100.91, a PEG ratio of 1.03 and a beta of 1.66. Advanced Micro Devices, Inc. has a 52-week low of $106.50 and a 52-week high of $227.30.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.19). Advanced Micro Devices had a return on equity of 6.62% and a net margin of 7.52%. Sell-side analysts expect that Advanced Micro Devices, Inc. will post 2.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Lisa T. Su sold 76,496 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total value of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wedbush reaffirmed an “outperform” rating and set a $150.00 price target on shares of Advanced Micro Devices in a research note on Wednesday. Melius downgraded shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and dropped their price target for the stock from $160.00 to $129.00 in a research note on Tuesday, January 28th. Loop Capital assumed coverage on shares of Advanced Micro Devices in a research note on Tuesday, January 14th. They set a “buy” rating and a $175.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of Advanced Micro Devices from $165.00 to $140.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Susquehanna decreased their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $161.30.

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.