Choate Investment Advisors Has $523,000 Stock Position in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Choate Investment Advisors raised its holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD) by 26.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,327 shares of the semiconductor manufacturer’s stock after purchasing an additional 911 shares during the quarter. Choate Investment Advisors’ holdings in Advanced Micro Devices were worth $523,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Bedell Frazier Investment Counselling LLC boosted its position in Advanced Micro Devices by 4.3% in the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock valued at $292,000 after buying an additional 74 shares in the last quarter. NCM Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 0.9% in the 3rd quarter. NCM Capital Management LLC now owns 8,654 shares of the semiconductor manufacturer’s stock valued at $1,420,000 after acquiring an additional 75 shares during the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of Advanced Micro Devices by 15.2% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 575 shares of the semiconductor manufacturer’s stock valued at $94,000 after acquiring an additional 76 shares in the last quarter. Northeast Financial Consultants Inc increased its holdings in Advanced Micro Devices by 2.9% in the 3rd quarter. Northeast Financial Consultants Inc now owns 2,920 shares of the semiconductor manufacturer’s stock worth $479,000 after purchasing an additional 81 shares in the last quarter. Finally, Abel Hall LLC raised its position in Advanced Micro Devices by 4.6% in the third quarter. Abel Hall LLC now owns 1,855 shares of the semiconductor manufacturer’s stock valued at $304,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 71.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on AMD shares. Barclays reduced their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Citigroup restated a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Susquehanna cut their price target on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, February 5th. Wedbush restated an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a report on Wednesday, February 5th. Finally, KeyCorp cut their target price on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Micro Devices presently has a consensus rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Price Performance

AMD stock opened at $100.97 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62. The business has a 50-day simple moving average of $112.05 and a two-hundred day simple moving average of $133.14. The company has a market capitalization of $163.62 billion, a P/E ratio of 101.99, a price-to-earnings-growth ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 52-week low of $94.73 and a 52-week high of $193.50.

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

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction dated 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 directly owns 33,522 shares in the company, valued at approximately $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 this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

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.