Ring Mountain Capital LLC Invests $1.02 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Ring Mountain Capital LLC acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, Holdings Channel reports. The fund acquired 8,463 shares of the semiconductor manufacturer’s stock, valued at approximately $1,022,000. Advanced Micro Devices comprises approximately 0.7% of Ring Mountain Capital LLC’s investment portfolio, making the stock its 28th largest position.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Advanced Micro Devices by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,656,965 shares of the semiconductor manufacturer’s stock worth $1,584,515,000 after acquiring an additional 177,700 shares in the last quarter. Swiss National Bank raised its holdings in shares of Advanced Micro Devices by 0.3% during the 3rd quarter. Swiss National Bank now owns 4,797,575 shares of the semiconductor manufacturer’s stock worth $787,186,000 after acquiring an additional 12,500 shares in the last quarter. Shum Financial Group Inc. bought a new position in shares of Advanced Micro Devices during the 3rd quarter valued at approximately $858,000. State Street Corp increased its position in shares of Advanced Micro Devices by 2.3% during the 3rd quarter. State Street Corp now owns 70,170,271 shares of the semiconductor manufacturer’s stock valued at $11,513,538,000 after purchasing an additional 1,580,035 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Advanced Micro Devices by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 34,243,843 shares of the semiconductor manufacturer’s stock valued at $5,597,337,000 after purchasing an additional 441,924 shares during the last quarter. 71.34% of the stock is owned by hedge funds and other institutional investors.

Advanced Micro Devices Trading Down 1.6 %

Shares of NASDAQ AMD opened at $98.23 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83. The stock has a market capitalization of $159.18 billion, a P/E ratio of 99.22, a price-to-earnings-growth ratio of 1.11 and a beta of 1.65. Advanced Micro Devices, Inc. has a 1-year low of $97.09 and a 1-year high of $227.30. The business has a fifty day moving average price of $116.41 and a 200 day moving average price of $136.49.

Advanced Micro Devices (NASDAQ:AMD) last issued 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 return on equity of 7.42% and a net margin of 6.36%. Equities research analysts expect that Advanced Micro Devices, Inc. will post 3.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Advanced Micro Devices news, CEO Lisa T. Su sold 76,496 shares of the stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total value of $10,912,919.36. Following the completion of the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at approximately $508,834,266.92. This trade represents a 2.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was acquired at an average price of $107.56 per share, with a total value of $499,616.20. Following the completion of the purchase, 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 disclosure for this purchase can be found here. 0.73% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AMD. TD Cowen cut their target price on Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, January 13th. Wedbush reissued an “outperform” rating and set a $150.00 target price on shares of Advanced Micro Devices in a research report on Wednesday, February 5th. Summit Insights raised Advanced Micro Devices to a “hold” rating in a research report on Tuesday, February 4th. DZ Bank downgraded Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 target price on the stock. in a research report on Friday, February 7th. Finally, Barclays cut their target price on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $155.83.

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.