Seelaus Asset Management LLC Invests $493,000 in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Seelaus Asset Management LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,080 shares of the semiconductor manufacturer’s stock, valued at approximately $493,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AMD. Pinnacle Bancorp Inc. grew its holdings in shares of Advanced Micro Devices by 27.1% during the third quarter. Pinnacle Bancorp Inc. now owns 745 shares of the semiconductor manufacturer’s stock valued at $122,000 after buying an additional 159 shares in the last quarter. LVW Advisors LLC grew its stake in Advanced Micro Devices by 41.7% during the 3rd quarter. LVW Advisors LLC now owns 2,910 shares of the semiconductor manufacturer’s stock valued at $477,000 after acquiring an additional 857 shares in the last quarter. JGP Wealth Management LLC purchased a new stake in shares of Advanced Micro Devices in the third quarter worth approximately $203,000. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Advanced Micro Devices by 54.3% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 65,891 shares of the semiconductor manufacturer’s stock worth $10,811,000 after purchasing an additional 23,191 shares during the period. Finally, Arbor Wealth Advisors LLC purchased a new position in Advanced Micro Devices during the third quarter valued at approximately $250,000. 71.34% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Micro Devices

In related news, CEO Lisa T. Su sold 76,496 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the transaction, the chief executive officer now owns 3,566,762 shares in the company, valued at $508,834,266.92. This represents a 2.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Stock Down 2.4 %

Shares of AMD opened at $107.56 on Friday. Advanced Micro Devices, Inc. has a 12 month low of $106.50 and a 12 month high of $227.30. The stock has a market cap of $174.30 billion, a price-to-earnings ratio of 108.65, a P/E/G ratio of 1.04 and a beta of 1.65. The company has a 50-day moving average price of $123.42 and a two-hundred day moving average price of $139.84. The company has a quick ratio of 1.78, a current ratio of 2.62 and a debt-to-equity ratio of 0.03.

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 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 predict that Advanced Micro Devices, Inc. will post 4.11 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AMD has been the subject of a number of research reports. TD Cowen decreased their target price on shares of Advanced Micro Devices from $185.00 to $150.00 and set a “buy” rating for the company in a research note on Monday, January 13th. Citigroup lowered Advanced Micro Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Barclays reduced their price target on Advanced Micro Devices from $170.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Morgan Stanley cut their price objective on shares of Advanced Micro Devices from $158.00 to $147.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Finally, Benchmark dropped their price target on shares of Advanced Micro Devices from $200.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Micro Devices has an average rating of “Moderate Buy” and a consensus 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.