Westbourne Investments Inc. Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Westbourne Investments Inc. purchased a new stake in Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 13,865 shares of the semiconductor manufacturer's stock, valued at approximately $1,675,000. Advanced Micro Devices accounts for approximately 1.0% of Westbourne Investments Inc.'s holdings, making the stock its 28th largest holding.

Several other institutional investors have also modified their holdings of the business. Bear Mountain Capital Inc. acquired a new position in shares of Advanced Micro Devices during the fourth quarter worth $25,000. Global Wealth Strategies & Associates acquired a new position in shares of Advanced Micro Devices during the 4th quarter worth about $26,000. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Advanced Micro Devices in the 4th quarter valued at about $29,000. Summit Securities Group LLC acquired a new stake in shares of Advanced Micro Devices during the 4th quarter worth about $31,000. Finally, Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices during the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 71.34% of the company's stock.

Advanced Micro Devices Trading Up 2.2 %

AMD traded up $2.15 during trading on Friday, hitting $98.80. The company's stock had a trading volume of 29,865,977 shares, compared to its average volume of 42,202,228. Advanced Micro Devices, Inc. has a twelve month low of $76.48 and a twelve month high of $187.28. The stock has a market cap of $159.69 billion, a PE ratio of 99.80, a PEG ratio of 1.11 and a beta of 1.97. The firm's 50 day moving average price is $97.39 and its 200-day moving average price is $118.29. 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 - Get Free Report) last released its earnings results on Tuesday, February 4th. The semiconductor manufacturer reported $1.07 earnings per share for the quarter, hitting the consensus estimate of $1.07. Advanced Micro Devices had a return on equity of 7.42% and a net margin of 6.36%. On average, analysts expect that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total value of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at $163,607,893.70. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Philip Guido acquired 4,645 shares of Advanced Micro Devices stock in a transaction dated Friday, February 7th. The stock was purchased at an average cost of $107.56 per share, for a total transaction of $499,616.20. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Corporate insiders own 0.06% of the company's stock.

Analysts Set New Price Targets

AMD has been the subject of several research analyst reports. Rosenblatt Securities restated a "buy" rating and issued a $250.00 target price on shares of Advanced Micro Devices in a report on Tuesday, February 4th. Evercore ISI reduced their price objective on Advanced Micro Devices from $147.00 to $126.00 and set an "outperform" rating for the company in a research note on Thursday, April 17th. Summit Insights upgraded shares of Advanced Micro Devices to a "hold" rating in a research report on Tuesday, February 4th. Bank of America reduced their price target on shares of Advanced Micro Devices from $155.00 to $135.00 and set a "neutral" rating for the company in a research report on Wednesday, February 5th. Finally, Stifel Nicolaus set a $132.00 price objective on shares of Advanced Micro Devices in a research report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, seventeen have assigned a buy rating and four have issued a strong buy rating to the company. According to MarketBeat.com, Advanced Micro Devices presently has a consensus rating of "Moderate Buy" and an average price target of $139.57.

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.