SPC Financial Inc. Increases Holdings in Advanced Micro Devices, Inc. (NASDAQ:AMD)

SPC Financial Inc. boosted its holdings in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD) by 13.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,595 shares of the semiconductor manufacturer’s stock after purchasing an additional 433 shares during the period. SPC Financial Inc.’s holdings in Advanced Micro Devices were worth $434,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bear Mountain Capital Inc. purchased a new position in Advanced Micro Devices during the 4th quarter valued at about $25,000. Global Wealth Strategies & Associates bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $29,000. FSA Wealth Management LLC bought a new stake in Advanced Micro Devices during the 3rd quarter valued at approximately $41,000. Finally, Retirement Wealth Solutions LLC bought a new stake in Advanced Micro Devices during the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Advanced Micro Devices Price Performance

Shares of Advanced Micro Devices stock opened at $101.67 on Thursday. Advanced Micro Devices, Inc. has a one year low of $95.89 and a one year high of $227.30. The stock’s fifty day moving average is $115.41 and its 200 day moving average is $135.92. The stock has a market cap of $164.75 billion, a P/E ratio of 102.70, a P/E/G ratio of 1.11 and a beta of 1.65. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.83 and a current ratio of 2.62.

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%. Sell-side analysts anticipate that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on AMD shares. Citigroup reaffirmed a “buy” rating on shares of Advanced Micro Devices in a research report on Wednesday, February 19th. Stifel Nicolaus cut their price objective on 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. Benchmark restated a “buy” rating and issued a $170.00 price target on shares of Advanced Micro Devices in a research note on Tuesday, February 18th. Hsbc Global Res downgraded Advanced Micro Devices from a “strong-buy” rating to a “moderate sell” rating in a research note on Wednesday, January 8th. Finally, Loop Capital began coverage on Advanced Micro Devices in a research note on Tuesday, January 14th. They issued a “buy” rating and a $175.00 price target on the stock. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nineteen have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $155.83.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Philip Guido purchased 4,645 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were acquired at an average cost of $107.56 per share, with a total value of $499,616.20. Following the completion of the acquisition, the executive vice president now directly owns 33,522 shares in the company, valued at $3,605,626.32. The trade was 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 the SEC website. Insiders own 0.73% of the company’s stock.

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.