Moors & Cabot Inc. Purchases 2,428 Shares of Advanced Micro Devices, Inc. (NASDAQ:AMD)

Moors & Cabot Inc. increased its position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 11.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,446 shares of the semiconductor manufacturer’s stock after purchasing an additional 2,428 shares during the period. Moors & Cabot Inc.’s holdings in Advanced Micro Devices were worth $2,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices in the fourth quarter valued at $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices in the fourth quarter valued at $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at $29,000. Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices in the fourth quarter valued at $32,000. Finally, Compass Financial Services Inc bought a new stake in Advanced Micro Devices in the fourth quarter valued at $39,000. 71.34% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the stock in a transaction on Friday, February 7th. The stock was bought at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares of the company’s stock, valued at $3,605,626.32. The trade was a 16.09 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.73% of the company’s stock.

Analyst Ratings Changes

AMD has been the topic of a number of analyst reports. Morgan Stanley set a $137.00 price target on Advanced Micro Devices in a research report on Wednesday, February 5th. KeyCorp lowered their price target on Advanced Micro Devices from $150.00 to $140.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 5th. UBS Group set a $175.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Roth Capital set a $140.00 price objective on Advanced Micro Devices in a research note on Wednesday, February 5th. Finally, Wedbush reissued an “outperform” rating and issued a $150.00 price objective on shares of Advanced Micro Devices in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, nineteen have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $155.83.

Advanced Micro Devices Trading Up 4.2 %

NASDAQ AMD opened at $100.79 on Thursday. The stock has a 50-day simple moving average of $112.99 and a 200 day simple moving average of $133.94. The company has a market capitalization of $163.33 billion, a PE ratio of 101.81, a P/E/G ratio of 1.11 and a beta of 1.74. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. Advanced Micro Devices, Inc. has a 12 month low of $94.73 and a 12 month high of $198.83.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data 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%. Research analysts forecast that Advanced Micro Devices, Inc. will post 3.87 EPS for the current year.

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.