Aptus Capital Advisors LLC Boosts Stake in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Aptus Capital Advisors LLC boosted its stake in shares of Advanced Micro Devices, Inc. (NASDAQ:AMD - Free Report) by 216.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,513 shares of the semiconductor manufacturer's stock after buying an additional 69,461 shares during the quarter. Aptus Capital Advisors LLC's holdings in Advanced Micro Devices were worth $12,262,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in AMD. Bear Mountain Capital Inc. bought a new stake in Advanced Micro Devices during the 4th quarter valued at $25,000. Halbert Hargrove Global Advisors LLC purchased a new stake in shares of Advanced Micro Devices in the fourth quarter worth about $29,000. Summit Securities Group LLC bought a new stake in Advanced Micro Devices during the 4th quarter worth approximately $31,000. Retirement Wealth Solutions LLC purchased a new stake in Advanced Micro Devices in the 4th quarter worth approximately $32,000. Finally, IAG Wealth Partners LLC boosted its holdings in Advanced Micro Devices by 74.7% in the 4th quarter. IAG Wealth Partners LLC now owns 276 shares of the semiconductor manufacturer's stock valued at $33,000 after purchasing an additional 118 shares during the period. Institutional investors own 71.34% of the company's stock.

Advanced Micro Devices Stock Performance

Advanced Micro Devices stock traded down $1.97 during trading on Tuesday, reaching $98.62. The company had a trading volume of 50,667,663 shares, compared to its average volume of 42,245,148. The firm's 50-day simple moving average is $97.30 and its 200 day simple moving average is $117.64. Advanced Micro Devices, Inc. has a 52 week low of $76.48 and a 52 week high of $187.28. The company has a current ratio of 2.62, a quick ratio of 1.83 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $159.40 billion, a price-to-earnings ratio of 99.62, a price-to-earnings-growth ratio of 1.11 and a beta of 1.97.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The semiconductor manufacturer reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.15). Advanced Micro Devices had a net margin of 6.36% and a return on equity of 7.42%. Sell-side analysts forecast that Advanced Micro Devices, Inc. will post 3.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AMD shares. Mizuho dropped their price objective on Advanced Micro Devices from $140.00 to $120.00 and set an "outperform" rating for the company in a research note on Friday, March 14th. Barclays decreased their price target on shares of Advanced Micro Devices from $140.00 to $110.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. TD Cowen reduced their target price on Advanced Micro Devices from $135.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $180.00 price objective on shares of Advanced Micro Devices in a report on Monday, April 28th. Finally, The Goldman Sachs Group cut Advanced Micro Devices from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $175.00 to $129.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Micro Devices has a consensus rating of "Moderate Buy" and an average target price of $139.57.

Insider Buying and Selling

In other news, EVP Philip Guido bought 4,645 shares of the stock in a transaction dated Friday, February 7th. The stock was purchased at an average price of $107.56 per share, for a total transaction of $499,616.20. Following the acquisition, the executive vice president now 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 document filed with the SEC, which is available at this hyperlink. Also, EVP Mark D. Papermaster sold 17,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $95.47, for a total transaction of $1,670,725.00. Following the transaction, the executive vice president now directly owns 1,713,710 shares in the company, valued at approximately $163,607,893.70. This trade represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by 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.