Sierra Ocean LLC Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Sierra Ocean LLC bought a new position in Advanced Micro Devices, Inc. (NASDAQ:AMD) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 451 shares of the semiconductor manufacturer’s stock, valued at approximately $54,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Effects LLC boosted its holdings in shares of Advanced Micro Devices by 0.7% during the third quarter. Wealth Effects LLC now owns 9,419 shares of the semiconductor manufacturer’s stock worth $1,545,000 after purchasing an additional 65 shares during the period. Jacobsen Capital Management boosted its holdings in shares of Advanced Micro Devices by 2.1% during the third quarter. Jacobsen Capital Management now owns 3,378 shares of the semiconductor manufacturer’s stock worth $554,000 after purchasing an additional 70 shares during the period. Sigma Investment Counselors Inc. boosted its holdings in shares of Advanced Micro Devices by 5.3% during the third quarter. Sigma Investment Counselors Inc. now owns 1,482 shares of the semiconductor manufacturer’s stock worth $243,000 after purchasing an additional 74 shares during the period. Bedell Frazier Investment Counselling LLC boosted its holdings in shares of Advanced Micro Devices by 4.3% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 1,780 shares of the semiconductor manufacturer’s stock worth $292,000 after purchasing an additional 74 shares during the period. Finally, TFG Advisers LLC boosted its holdings in shares of Advanced Micro Devices by 1.6% during the third quarter. TFG Advisers LLC now owns 4,649 shares of the semiconductor manufacturer’s stock worth $763,000 after purchasing an additional 75 shares during the period. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on AMD. DZ Bank lowered shares of Advanced Micro Devices from a “buy” rating to a “hold” rating and set a $120.00 price objective on the stock. in a research report on Friday, February 7th. KeyCorp cut their price objective on shares of 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. Stifel Nicolaus cut their price objective on shares of Advanced Micro Devices from $200.00 to $162.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Susquehanna cut their price objective on shares of Advanced Micro Devices from $165.00 to $150.00 and set a “positive” rating on the stock in a research report on Wednesday, February 5th. Finally, 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Advanced Micro Devices currently has an average rating of “Moderate Buy” and an average price target of $158.70.

Advanced Micro Devices Stock Up 1.2 %

AMD opened at $113.10 on Tuesday. Advanced Micro Devices, Inc. has a fifty-two week low of $106.50 and a fifty-two week 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 firm’s fifty day moving average price is $120.43 and its two-hundred day moving average price is $138.70. 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 (NASDAQ:AMD) last posted its quarterly earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07. Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. On average, analysts anticipate that Advanced Micro Devices, Inc. will post 4.11 EPS for the current year.

Insider Activity

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

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.