Buckingham Capital Management Inc. Acquires 1,254 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Buckingham Capital Management Inc. grew its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,088 shares of the semiconductor manufacturer’s stock after buying an additional 1,254 shares during the quarter. Advanced Micro Devices makes up 1.3% of Buckingham Capital Management Inc.’s portfolio, making the stock its 26th largest position. Buckingham Capital Management Inc.’s holdings in Advanced Micro Devices were worth $11,123,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of AMD. Wealth Effects LLC increased its stake in Advanced Micro Devices by 0.7% during the 3rd quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after acquiring an additional 65 shares during the period. Jacobsen Capital Management lifted its position in shares of Advanced Micro Devices by 2.1% during the 3rd quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after buying an additional 70 shares during the last quarter. Sigma Investment Counselors Inc. raised its position in Advanced Micro Devices by 5.3% in the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock valued at $243,000 after purchasing an additional 74 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised 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 purchasing an additional 74 shares during the last quarter. Finally, TFG Advisers LLC increased its stake in shares of Advanced Micro Devices by 1.6% in the third quarter. TFG Advisers LLC now owns 4,649 shares of the semiconductor manufacturer’s stock valued at $763,000 after buying an additional 75 shares during the period. 71.34% of the stock is owned by institutional investors.

Insider Activity

In other Advanced Micro Devices news, EVP Philip Guido bought 4,645 shares of Advanced Micro Devices stock in a transaction that occurred on Friday, February 7th. The stock was acquired at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the transaction, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. This represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Lisa T. Su sold 76,496 shares of the business’s 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 transaction, the chief executive officer now owns 3,566,762 shares of the company’s stock, valued at approximately $508,834,266.92. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.73% of the stock is owned by company insiders.

Advanced Micro Devices Stock Performance

NASDAQ:AMD opened at $113.10 on Tuesday. The company has a market capitalization of $183.28 billion, a P/E ratio of 114.24, a P/E/G ratio of 1.04 and a beta of 1.65. Advanced Micro Devices, Inc. has a 1 year low of $106.50 and a 1 year high of $227.30. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.78. The business has a fifty day simple moving average of $120.43 and a two-hundred day simple moving average of $138.70.

Advanced Micro Devices (NASDAQ:AMD) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, meeting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, analysts expect that Advanced Micro Devices, Inc. will post 4.11 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AMD. Melius cut Advanced Micro Devices from a “buy” rating to a “hold” rating and decreased their price target for the company from $160.00 to $129.00 in a research note on Tuesday, January 28th. Benchmark decreased their target price on Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, February 5th. Citigroup cut Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Susquehanna reduced their price objective on Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, February 5th. Finally, Barclays reduced their price objective on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Advanced Micro Devices currently has a consensus rating of “Moderate Buy” and an average price target of $158.70.

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.