M & L Capital Management Ltd Invests $24.16 Million in Advanced Micro Devices, Inc. (NASDAQ:AMD)

M & L Capital Management Ltd bought a new stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 200,000 shares of the semiconductor manufacturer’s stock, valued at approximately $24,158,000. Advanced Micro Devices accounts for about 5.9% of M & L Capital Management Ltd’s holdings, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMD. Bear Mountain Capital Inc. purchased a new position in shares of Advanced Micro Devices during the 4th quarter worth approximately $25,000. Global Wealth Strategies & Associates purchased a new stake in Advanced Micro Devices in the fourth quarter worth $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Advanced Micro Devices in the fourth quarter worth $29,000. Retirement Wealth Solutions LLC purchased a new position in Advanced Micro Devices during the fourth quarter valued at $32,000. Finally, IAG Wealth Partners LLC boosted its holdings in shares of Advanced Micro Devices by 74.7% during the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer’s stock valued at $33,000 after buying an additional 118 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Philip Guido acquired 4,645 shares of the company’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 acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at approximately $3,605,626.32. This trade represents a 16.09 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on AMD. KeyCorp decreased their price target on shares of Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating for the company in a research note on Wednesday, February 5th. StockNews.com lowered shares of Advanced Micro Devices from a “hold” rating to a “sell” rating in a report on Thursday, March 6th. DZ Bank lowered Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective for the company. in a research report on Friday, February 7th. Morgan Stanley set a $137.00 target price on Advanced Micro Devices in a report on Wednesday, February 5th. Finally, Mizuho reduced their price target on Advanced Micro Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $155.14.

Advanced Micro Devices Stock Performance

AMD opened at $100.97 on Friday. The firm has a market cap of $163.62 billion, a P/E ratio of 101.99, a PEG ratio of 1.11 and a beta of 1.74. Advanced Micro Devices, Inc. has a 1-year low of $94.73 and a 1-year high of $193.80. The company has a 50 day simple moving average of $112.05 and a two-hundred day simple moving average of $133.35. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.62 and a quick ratio of 1.83.

Advanced Micro Devices (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 EPS for the quarter, meeting 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 analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

About Advanced Micro Devices

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.